{"id":379167,"date":"2020-11-11T21:03:17","date_gmt":"2020-11-12T02:03:17","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=379167"},"modified":"2020-11-11T21:03:17","modified_gmt":"2020-11-12T02:03:17","slug":"deadline-alert-bragar-eagel-squire-p-c-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-nikola-corporation-and-encourages-investors-with-losses-in-excess-of-100000-to-co","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/deadline-alert-bragar-eagel-squire-p-c-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-nikola-corporation-and-encourages-investors-with-losses-in-excess-of-100000-to-co\/","title":{"rendered":"DEADLINE ALERT: Bragar Eagel & Squire, P.C. Reminds Investors That a Class Action Lawsuit Has Been Filed Against Nikola Corporation and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm"},"content":{"rendered":"
\n

NEW YORK, Nov. 11, 2020 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, reminds investors that a class action lawsuit has been filed in the United States District Court for the District of Arizona on behalf of investors that purchased Nikola Corporation (NASDAQ: NKLA) securities between\u00a0March 3, 2020 and October 15, 2020 (the \u201cClass Period\u201d). Investors have until November 16, 2020 to apply to the Court to be appointed as lead plaintiff in the lawsuit.<\/p>\n

Click here<\/a> to participate in the action.<\/p>\n

On September 10, 2020, Hindenburg Research published a report entitled, \u201cNikola: How to Parlay An Ocean of Lies Into a Partnership With the Largest Auto OEM in America\u201d (the \u201cHindenburg Report\u201d). The Hindenburg Report suggested that the firm had gathered extensive evidence on false statements made by Nikola\u2019s founder Trevor Milton, including that Milton misrepresented, the Company\u2019s battery and fuel cell technology and the size of the Company\u2019s order book. Moreover, the Hindenburg Report claimed that Milton used these Misrepresentations to substantially grow the Company and secure partnerships with top auto companies.<\/p>\n

On this news, Nikola\u2019s stock price fell $4.80 per share, or 11.3%, to close at $37.57 per share on September 10, 2020.<\/p>\n

The complaint, filed on September 16, 2020, alleges that throughout the Class Period defendants made false and\/or misleading statements and\/or failed to disclose that: (1) VectoIQ did not engage in proper due diligence regarding its merger with Nikola; (2) Nikola overstated its \u201cin-house\u201d design, manufacturing, and testing capabilities; (3) Nikola overstated its hydrogen production capabilities; (4) as a result, Nikola overstated its ability to lower the cost of hydrogen fuel; (5) Nikola founder and Executive Chairman, Trevor Milton, tweeted a misleading \u201ctest\u201d video of the Company\u2019s Nikola Two truck; (6) the work experience and background of key Nikola employees, including Mr. Milton, had been overstated and obfuscated; (7) Nikola did not have five Tre trucks completed; and (8) as a result, defendants\u2019 public statements were materially false and\/or misleading at all relevant times. According to the suit, these true details were disclosed by a market research firm.<\/p>\n

If you purchased Nikola securities during the Class Period and suffered a loss in excess of $100,000, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker, Melissa Fortunato, or Marion Passmore by email at investigations@bespc.com<\/u><\/a>, telephone at (212) 355-4648, or by filling out this contact form.<\/u><\/a> There is no cost or obligation to you.<\/p>\n

\n About <\/strong>
\n Bragar<\/strong>
\n Eagel<\/strong>
\n & Squire, P.C.:<\/strong>
\n
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com<\/a>. Attorney advertising. Prior results do not guarantee similar outcomes.<\/p>\n

\n Contact Information:<\/strong>
\n
Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Melissa Fortunato, Esq.
Marion Passmore, Esq.
(212) 355-4648
investigations@bespc.com<\/a>
www.bespc.com<\/a><\/p>\n

\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

NEW YORK, Nov. 11, 2020 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, reminds investors that a class action lawsuit has been filed in the United States District Court for the District of Arizona on behalf of investors that purchased Nikola Corporation (NASDAQ: NKLA) securities between\u00a0March 3, 2020 and October 15, 2020 (the \u201cClass Period\u201d). Investors have until November 16, 2020 to apply to the Court to be appointed as lead plaintiff in the lawsuit. Click here to participate in the action. On September 10, 2020, Hindenburg Research published a report entitled, \u201cNikola: How to Parlay An Ocean of Lies Into a Partnership With the Largest Auto OEM in America\u201d (the \u201cHindenburg Report\u201d). … <\/p>\n

Continue reading “DEADLINE ALERT: Bragar Eagel & Squire, P.C. Reminds Investors That a Class Action Lawsuit Has Been Filed Against Nikola Corporation and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-379167","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nDEADLINE ALERT: Bragar Eagel & Squire, P.C. 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