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November 12, 2024

Legal feeding frenzy mounts as US law firms clamour to sue electric air taxi startup Lilium

The startup failed to win state support and filed for insolvency in October. Now, it could face legal action for allegedly misleading shareholders

German flying taxi startup Lilium, which recently filed for insolvency after failing to raise capital, could face legal action for allegedly misleading shareholders, as several law firms encourage investors to join a class action lawsuit.

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Miriam Partington

Miriam Partington was a senior reporter at Sifted, based in Berlin. She covered the DACH region and the future of work, and wrote Startup Life , a weekly newsletter on what it takes to build a startup.

Freya Pratty

Freya Pratty is Sifted's associate editor. She covers UK tech and leads Sifted's investigations. Follow her on X , LinkedIn and Bluesky

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