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.
News
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
Miriam Partington and Freya Pratty
2 min read
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.

Deeptech & AI
The people, companies and trends shaping European AI and deeptech.
Recommended
Exclusive: Photon Bridge raises €10m to build laser devices that connect AI chips
The Dutch startup says its laser technology can be manufactured at scale to meet the demands of fast-growing AI infrastructure
The ‘biggest threat’ China poses for European startups isn’t what you think
While many startups are trying to cut China out of their supply chains, some investors think it’s unrealistic
Cloud startup Verda raises $189m in funding round led by Emergence Capital
Formerly known as DataCrunch, Verda's offering spans data centres, hardware and cloud infrastructure


