r/RivianR1T

One of the first pics of my new to me rivian truck

Most people who followed $CYDY remember March 30, 2021. The FDA publicly stated that CytoDyn's claims about leronlimab were "misleading and not supported by the data", no benefit was shown in COVID-19 treatment trials. The stock dropped 25%+ that day.

What happened afterward was a class action lawsuit covering investors who held $CYDY between March 27, 2020 and March 30, 2022.

A $500,000 settlement has been reached and terms are now submitted to the court for approval.

Who qualifies?

Anyone who held $CYDY during the class period and suffered losses from the alleged misrepresentations about leronlimab's effectiveness for HIV and COVID-19.

Can I still apply?

Yes, you can submit your application now and it will be processed once claims filing officially opens after court approval.

If you were damaged by this don't forget to check your eligibility. GL!

I guess I forgot the measuring tape when I went to the dealer. No worries, I'll just tell wife to buy bigger house. 😁

Hey guys, if you missed it, Rivian settled $250 million with investors over claims that it failed to disclose the true cost of producing its vehicles. And, I just found out that they’re accepting claims even though the deadline has passed.

Quick recap: In 2022, Rivian was accused of misleading investors about its vehicle pricing and production costs. In short, the company promoted its R1T pickup and R1S SUV as competitively priced electric vehicles, but investors later alleged that Rivian was losing substantial amounts of money on each vehicle sold and failed to clearly disclose how severe the cost gap was. As supply-chain issues and material costs increased, Rivian announced major price hikes that sparked customer backlash and raised concerns about the company’s financial outlook.

Now, the good news is that the company agreed to settle $250 million with them, and even though the deadline has passed recently, they’re accepting late claims.

So, if you invested in $RIVN when all of this happened, you can still check the details and file your claim here.

Anyway, has anyone here invested in $RIVN at that time? How much were your losses, if so?

Just posted this over in the Rivian Forums. https://www.rivianforums.com/forum/threads/rear-mounted-winch-build-for-the-r1t-—-full-writeup-parts-list.62621/

Spent a few weekends putting together a hitch-mounted winch setup for my R1T for tree hauling at the mountain house — 12,000 lb OpenRoad winch, independent AGM battery/power unit mounted in the bed, and had to fight the tailgate clearance a bit (needed a solid-shank hitch extension + moved the solenoid box). Total came out to around $1,100.

Full writeup with the parts list and mounting details above.

Happy to answer questions if anyone's thinking about doing something similar.