GlobeNewswire Inc | Jan 13, 2022 10:14AM EST

January 13, 2022

RADNOR, Pa., Jan. 13, 2022 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP is currently investigating potential violations of the federal securities laws on behalf of investors of Rivian Automotive, Inc. (NASDAQ: RIVN) (Rivian).

Rivian develops, manufactures, and provides electric adventure vehicles, including five-passenger pickup trucks and sports utility vehicles.

On January 11, 2022, Rivian announced that its Chief Operating Officer, Rod Copes, had stepped down from the company. In addressing his departure, the company said in a statement that Copes began a phased retirement from Rivian several months ago, affording the team continuity as we moved toward production ramp. Nonetheless, Rivian announced in December that it would fall a few hundred vehicles short of its goal to build 1,200 units for the year. Additionally, Rivian shares fell last week after Amazon, a major investor and customer, announced an agreement to buy electric delivery vans from the automotive manufacturing corporation, Stellantis NV.

Following this news, Rivian stock fell 5.3% to $77.16 a share, falling below the companys IPO price of $78 per share.

If you are a Rivian investor and would like to learn more about our investigation, please CLICK HERE to fill out our online form or contact Kessler Topaz Meltzer & Check, LLP: James Maro, Esq. (484) 270-1453; toll free at (844) 887-9500; E-mail at info@ktmc.com.

Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country involving securities fraud, breaches of fiduciary duties and other violations of state and federal law. Kessler Topaz Meltzer & Check, LLP is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world. The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars). For more information about Kessler Topaz Meltzer & Check, LLP, please visit www.ktmc.com.

CONTACT:

Kessler Topaz Meltzer & Check, LLPJames Maro, Jr., Esq.280 King of Prussia RoadRadnor, PA 19087(844) 887-9500info@ktmc.com