NEW YORK, NY / ACCESSWIRE / November 25, 2022 / Pomerantz LLP is investigating claims on behalf of investors of Wallbox N.V. ("Wallbox" or the "Company") (NYSE:WBX). Such investors are advised to contact Robert S. Willoughby at [email protected]or 888-476-6529, ext. 7980.
The investigation concerns whether Wallbox and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On November 9, 2022, Wallbox issued a press release announcing its third quarter 2022 financial results. Among other items, Wallbox reported that "automotive capacity constraints are delaying EV deliveries, which in-turn has a near-term effect on our European and home charging businesses."
On this news, Wallbox's stock price fell $0.74 per share, or 12.5%, to close at $5.18 per share on November 9, 2022.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
SOURCE: Pomerantz LLP