{"id":381269,"date":"2020-11-14T19:25:09","date_gmt":"2020-11-15T00:25:09","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=381269"},"modified":"2020-11-14T19:25:09","modified_gmt":"2020-11-15T00:25:09","slug":"hagens-berman-national-trial-attorneys-alerts-nikola-nkla-investors-to-monday-application-deadline-investors-with-500k-losses-should-contact-the-firm","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-alerts-nikola-nkla-investors-to-monday-application-deadline-investors-with-500k-losses-should-contact-the-firm\/","title":{"rendered":"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Alerts Nikola (NKLA) Investors to Monday Application Deadline, Investors with $500k+ Losses Should Contact the Firm"},"content":{"rendered":"
\n

SAN FRANCISCO, Nov. 14, 2020 (GLOBE NEWSWIRE) — Hagens Berman urges Nikola Corporation (<\/strong>NASDAQ<\/strong>: <\/strong>NKLA<\/strong>)<\/strong> investors to contact the firm now<\/a>. A securities fraud class action has been filed and NKLA investors may have sufficient losses to move for lead plaintiff.<\/p>\n

\n Class<\/strong>
\n Period:<\/strong> Mar. 3, 2020 – Sept. 20, 2020
Lead Plaintiff Deadline: <\/strong>Nov. 16, 2020
Visit<\/strong>:<\/strong>www.hbsslaw.com\/investor-fraud\/NKLA<\/a>
Contact An Attorney Now<\/strong>:<\/strong>NKLA@hbsslaw.com<\/a>
844-916<\/strong>–<\/strong>0895<\/strong><\/p>\n

\n Nikola Corporation <\/strong>
\n (<\/strong>
\n NKLA<\/strong>
\n ) <\/strong>
\n Securities Class Action<\/strong>:<\/p>\n

The Complaint alleges that throughout the Class Period, Defendants falsely stated or omitted, among other things, that: (1) Nikola overstated its in-house design, manufacturing, and testing capabilities; (2) exaggerated its hydrogen production capabilities; (3) as a result, Nikola overstated its ability to lower the cost of hydrogen fuel; (4) Nikola founder and Executive Chairman, Trevor Milton, tweeted a misleading test video of the Company\u2019s Nikola Two truck; (5) the work experience and background of key Nikola employees, including Mr. Milton, had been overstated and obfuscated; and (6) Nikola did not have five Tre trucks completed.<\/p>\n

Investors learned the truth through a series of partial disclosures, beginning on Sept. 10, 2020, when Hindenburg Research<\/em> published a scathing report accusing Nikola of lying about its truck\u2019s capabilities, partnerships and products, and ending on Sept. 20, 2020, when Milton abruptly resigned.<\/p>\n

These events have driven the price of Nikola shares sharply lower.<\/p>\n

Significantly, less than a month before these disclosures, on Aug. 11, 2020, In-Cap, an entity indirectly controlled by Nikola director Jeffrey Ubben, sold 1.4 million Nikola shares at $42.69\/share for a total of over $59 million. While Ubben reportedly contends the suspiciously timed sale was forced on him by \u201cinvestor redemptions,\u201d Hagens Berman is actively investigating the validity of this claim.<\/p>\n

On Sept. 29, 2020 CNBC<\/em> reported a second sexual abuse allegation against Milton and that the widely-touted partnership with GM announced earlier in the month is not a \u201cdone deal.\u201d<\/p>\n

Most recently, on Nov. 9, 2020, Nikola revealed that during Sept. 2020 the SEC and two grand juries served subpoenas on the Company, Milton, and other officers, all of which are related to Hindenburg<\/em>\u2019s findings on the Company.<\/p>\n

\u201cWe\u2019re focused on (i) investors\u2019 losses, (ii) proving Nikola misrepresented its truck\u2019s functionality, its technology and partnerships, and (iii) whether Nikola stakeholders like Ubben engaged in unlawful insider trading,\u201d said Reed Kathrein, the Hagens Berman partner leading the investigation.<\/p>\n

If you are a Nikola investor or may assist the firm\u2019s investigation, click here to discuss your legal rights with Hagens Berman<\/a>.<\/p>\n

\n Whistleblowers: <\/strong>Persons with non-public information regarding Nikola should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844<\/strong>–<\/strong>916<\/strong>–<\/strong>0895<\/strong> or email NKLA@hbsslaw.com<\/a>.<\/p>\n

\n
\n About Hagens Berman<\/u>
\n <\/a>
\n
Hagens Berman is a national law firm with nine offices in eight cities around the country and eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation.\u00a0\u00a0 More about the firm and its successes is located at hbsslaw.com<\/a>. For the latest news visit our newsroom<\/u><\/a> or follow us on Twitter at @classactionlaw<\/u><\/a>.<\/p>\n

\n Contact<\/u>
\n : <\/u>
\n
Reed Kathrein, 844-916-0895<\/p>\n

\n
\n
\n \n <\/div>\n

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

SAN FRANCISCO, Nov. 14, 2020 (GLOBE NEWSWIRE) — Hagens Berman urges Nikola Corporation (NASDAQ: NKLA) investors to contact the firm now. A securities fraud class action has been filed and NKLA investors may have sufficient losses to move for lead plaintiff. Class Period: Mar. 3, 2020 – Sept. 20, 2020Lead Plaintiff Deadline: Nov. 16, 2020Visit:www.hbsslaw.com\/investor-fraud\/NKLAContact An Attorney Now:NKLA@hbsslaw.com844-916–0895 Nikola Corporation ( NKLA ) Securities Class Action: The Complaint alleges that throughout the Class Period, Defendants falsely stated or omitted, among other things, that: (1) Nikola overstated its in-house design, manufacturing, and testing capabilities; (2) exaggerated its hydrogen production capabilities; (3) as a result, Nikola overstated its ability to lower the cost of hydrogen fuel; (4) Nikola founder and Executive Chairman, … <\/p>\n

Continue reading “HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Alerts Nikola (NKLA) Investors to Monday Application Deadline, Investors with $500k+ Losses Should 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-381269","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nHAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Alerts Nikola (NKLA) Investors to Monday Application Deadline, Investors with $500k+ Losses Should Contact the Firm - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-alerts-nikola-nkla-investors-to-monday-application-deadline-investors-with-500k-losses-should-contact-the-firm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Alerts Nikola (NKLA) Investors to Monday Application Deadline, Investors with $500k+ Losses Should Contact the Firm - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SAN FRANCISCO, Nov. 14, 2020 (GLOBE NEWSWIRE) — Hagens Berman urges Nikola Corporation (NASDAQ: NKLA) investors to contact the firm now. 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Class Period: Mar. 3, 2020 – Sept. 20, 2020Lead Plaintiff Deadline: Nov. 16, 2020Visit:www.hbsslaw.com\/investor-fraud\/NKLAContact An Attorney Now:NKLA@hbsslaw.com844-916–0895 Nikola Corporation ( NKLA ) Securities Class Action: The Complaint alleges that throughout the Class Period, Defendants falsely stated or omitted, among other things, that: (1) Nikola overstated its in-house design, manufacturing, and testing capabilities; (2) exaggerated its hydrogen production capabilities; (3) as a result, Nikola overstated its ability to lower the cost of hydrogen fuel; (4) Nikola founder and Executive Chairman, … Continue reading "HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Alerts Nikola (NKLA) Investors to Monday Application Deadline, Investors with $500k+ Losses Should Contact the Firm"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-alerts-nikola-nkla-investors-to-monday-application-deadline-investors-with-500k-losses-should-contact-the-firm\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-15T00:25:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA4NjIzNyMzODI3NjY5IzIwMTg1MzI=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hagens-berman-national-trial-attorneys-alerts-nikola-nkla-investors-to-monday-application-deadline-investors-with-500k-losses-should-contact-the-firm\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hagens-berman-national-trial-attorneys-alerts-nikola-nkla-investors-to-monday-application-deadline-investors-with-500k-losses-should-contact-the-firm\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Alerts Nikola (NKLA) Investors to Monday Application Deadline, Investors with $500k+ Losses Should Contact the Firm\",\"datePublished\":\"2020-11-15T00:25:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hagens-berman-national-trial-attorneys-alerts-nikola-nkla-investors-to-monday-application-deadline-investors-with-500k-losses-should-contact-the-firm\\\/\"},\"wordCount\":542,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hagens-berman-national-trial-attorneys-alerts-nikola-nkla-investors-to-monday-application-deadline-investors-with-500k-losses-should-contact-the-firm\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODA4NjIzNyMzODI3NjY5IzIwMTg1MzI=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hagens-berman-national-trial-attorneys-alerts-nikola-nkla-investors-to-monday-application-deadline-investors-with-500k-losses-should-contact-the-firm\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hagens-berman-national-trial-attorneys-alerts-nikola-nkla-investors-to-monday-application-deadline-investors-with-500k-losses-should-contact-the-firm\\\/\",\"name\":\"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Alerts Nikola (NKLA) Investors to Monday Application Deadline, Investors with $500k+ Losses Should Contact the Firm - 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A securities fraud class action has been filed and NKLA investors may have sufficient losses to move for lead plaintiff. Class Period: Mar. 3, 2020 – Sept. 20, 2020Lead Plaintiff Deadline: Nov. 16, 2020Visit:www.hbsslaw.com\/investor-fraud\/NKLAContact An Attorney Now:NKLA@hbsslaw.com844-916–0895 Nikola Corporation ( NKLA ) Securities Class Action: The Complaint alleges that throughout the Class Period, Defendants falsely stated or omitted, among other things, that: (1) Nikola overstated its in-house design, manufacturing, and testing capabilities; (2) exaggerated its hydrogen production capabilities; (3) as a result, Nikola overstated its ability to lower the cost of hydrogen fuel; (4) Nikola founder and Executive Chairman, … Continue reading \"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Alerts Nikola (NKLA) Investors to Monday Application Deadline, Investors with $500k+ Losses Should Contact the Firm\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-alerts-nikola-nkla-investors-to-monday-application-deadline-investors-with-500k-losses-should-contact-the-firm\/","og_site_name":"Market Newsdesk","article_published_time":"2020-11-15T00:25:09+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA4NjIzNyMzODI3NjY5IzIwMTg1MzI=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-alerts-nikola-nkla-investors-to-monday-application-deadline-investors-with-500k-losses-should-contact-the-firm\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-alerts-nikola-nkla-investors-to-monday-application-deadline-investors-with-500k-losses-should-contact-the-firm\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Alerts Nikola (NKLA) Investors to Monday Application Deadline, Investors with $500k+ Losses Should Contact the Firm","datePublished":"2020-11-15T00:25:09+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-alerts-nikola-nkla-investors-to-monday-application-deadline-investors-with-500k-losses-should-contact-the-firm\/"},"wordCount":542,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-alerts-nikola-nkla-investors-to-monday-application-deadline-investors-with-500k-losses-should-contact-the-firm\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA4NjIzNyMzODI3NjY5IzIwMTg1MzI=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-alerts-nikola-nkla-investors-to-monday-application-deadline-investors-with-500k-losses-should-contact-the-firm\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-alerts-nikola-nkla-investors-to-monday-application-deadline-investors-with-500k-losses-should-contact-the-firm\/","name":"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Alerts Nikola (NKLA) Investors to Monday Application Deadline, Investors with $500k+ Losses Should Contact the Firm - 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