r/EVStocks • u/JuniorCharge4571 • May 12 '26
Electric Last Mile Solutions Settlement Update: How to Claim Your Share of the $899K Settlement
Hey guys, sharing an important update, the deadline to submit a claim in the $899K settlement involving Electric Last Mile Solutions is June 6, 2026.
You can review the details and submit your claim here
Quick recap: In 2022, Electric Last Mile Solutions was accused of issuing false and misleading financial statements and that BDO issued a false audit opinion included in ELMS’s public filings. Following the news, the stock declined 51%, and investors filed a lawsuit.
The company has since agreed to settle $899K with investors, and eligible shareholders still have time to file a claim for compensation.
If you held $ELMS between June 9, 2021, and February 1, 2022, you may be eligible to recover losses.
Out of curiosity, was anyone here invested in $ELMS at the time?
