{"id":381298,"date":"2020-11-15T22:53:08","date_gmt":"2020-11-16T03:53:08","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=381298"},"modified":"2020-11-15T22:53:08","modified_gmt":"2020-11-16T03:53:08","slug":"nikola-24-hour-deadline-alert-former-louisiana-attorney-general-and-kahn-swick-foti-llc-remind-investors-with-losses-in-excess-of-100000-of-deadline-in-class-action-lawsuits-against-nikola-c","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/nikola-24-hour-deadline-alert-former-louisiana-attorney-general-and-kahn-swick-foti-llc-remind-investors-with-losses-in-excess-of-100000-of-deadline-in-class-action-lawsuits-against-nikola-c\/","title":{"rendered":"NIKOLA 24 HOUR DEADLINE ALERT: Former Louisiana Attorney General and Kahn Swick &amp; Foti, LLC Remind Investors with Losses in Excess of $100,000 of Deadline in Class Action Lawsuits Against Nikola Corporation &#8211; NKLA, NKLAW, f\/k\/a VectoIQ Acquisition Corp. VTIQ, VTIQW, VTIQU"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">NEW ORLEANS<\/span>, <span class=\"xn-chron\">Nov. 15, 2020<\/span> \/PRNewswire\/ &#8212;\u00a0Kahn Swick &amp; Foti, LLC (&#8220;KSF&#8221;) and KSF partner, the former Attorney General of <span class=\"xn-location\">Louisiana<\/span>, <span class=\"xn-person\">Charles C. Foti, Jr.<\/span>, remind investors that they have only until <b><u><span class=\"xn-chron\">November 16, 2020<\/span><\/u><\/b> to file lead plaintiff applications in securities class action lawsuits against Nikola Corporation (NasdaqGS: NKLA, NKLAW) f\/k\/a VectoIQ Acquisition Corp. (NasdaqCM: VTIQ, VTIQW, VTIQU), if they purchased the Company&#8217;s securities between <span class=\"xn-chron\">March 3, 2020<\/span> and <span class=\"xn-chron\">October 15, 2020<\/span>, inclusive (the &#8220;Class Period&#8221;) or owned VectoIQ shares as of the <span class=\"xn-chron\">May 8, 2020<\/span> record date and were entitled to vote on VectoIQ&#8217;s proposed transaction with Nikola. \u00a0These actions are pending in <span class=\"xn-location\">the United States<\/span> District Courts for the District of <span class=\"xn-location\">Arizona<\/span>, Eastern District of <span class=\"xn-location\">New York<\/span> and Central District of <span class=\"xn-location\">California<\/span>.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/399590\/Kahn_Swick_and_Foti_Logo.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/399590\/Kahn_Swick_and_Foti_Logo.jpg\" title=\"Kahn Swick &amp; Foti, LLC (&quot;KSF&quot;) - - not all law firms are created equal.  Visit www.ksfcounsel.com to learn more about KSF. (PRNewsfoto\/Kahn Swick &amp; Foti, LLC)\" alt=\"Kahn Swick &amp; Foti, LLC (&quot;KSF&quot;) - - not all law firms are created equal.  Visit www.ksfcounsel.com to learn more about KSF. (PRNewsfoto\/Kahn Swick &amp; Foti, LLC)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>What You May Do<\/p>\n<p>If you purchased securities of Nikola or VectoIQ as above and would like to discuss your legal rights and how these cases might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (<a target=\"_blank\" href=\"mailto:lewis.kahn@ksfcounsel.com\" rel=\"nofollow noopener noreferrer\">lewis.kahn@ksfcounsel.com<\/a>), or visit <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2982093-1&amp;h=1773014372&amp;u=https%3A%2F%2Fwww.ksfcounsel.com%2Fcases%2Fnasdaqgs-nkla&amp;a=https%3A%2F%2Fwww.ksfcounsel.com%2Fcases%2Fnasdaqgs-nkla\" rel=\"nofollow noopener noreferrer\">https:\/\/www.ksfcounsel.com\/cases\/nasdaqgs-nkla<\/a> \u00a0to learn more. If you wish to serve as a lead plaintiff in these class actions by overseeing lead counsel with the goal of obtaining a fair and just resolution, you must request this position by application to the Court by <b><u><span class=\"xn-chron\">November 16, 2020<\/span><\/u><\/b>.<\/p>\n<p>About the Lawsuit<\/p>\n<p>Nikola and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.\u00a0 <\/p>\n<p>On <span class=\"xn-chron\">September 10, 2020<\/span>, Hindenburg Research published a report alleging that evidence showed the Company was &#8220;an intricate fraud built on dozens of lies.&#8221;\u00a0 Subsequently, it was reported that the Company was the subject of probes by both the U.S. Securities and Exchange Commission and the Justice Department. Then, on <span class=\"xn-chron\">September 21, 2020<\/span>, the Company announced the sudden resignation of Founder and Executive Chairman, <span class=\"xn-person\">Trevor Milton<\/span>. Then, in several interviews on <span class=\"xn-chron\">October 15-16, 2020<\/span>, the Company&#8217;s CEO made statements indicating that the Company&#8217;s strategic manufacturing partnership with General Motors could fall through.<\/p>\n<p>On this news, the price of Nikola&#8217;s shares plummeted.<\/p>\n<p>The first-filed case is <i>Borteanu v. Nikola Corporation et al<\/i>., 20-cv-01797.<\/p>\n<p>About Kahn Swick &amp; Foti, LLC<\/p>\n<p>KSF, whose partners include former <span class=\"xn-location\">Louisiana<\/span> Attorney General <span class=\"xn-person\">Charles C. Foti, Jr.<\/span>, is one of the nation&#8217;s premier boutique securities litigation law firms. KSF serves a variety of clients \u2013 including public institutional investors, hedge funds, money managers and retail investors \u2013 in seeking to recover investment losses due to corporate fraud and malfeasance by publicly traded companies. KSF has offices in <span class=\"xn-location\">New York<\/span>, <span class=\"xn-location\">California<\/span> and <span class=\"xn-location\">Louisiana<\/span>.<\/p>\n<p>To learn more about KSF, you may visit <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2982093-1&amp;h=921239449&amp;u=http%3A%2F%2Fwww.ksfcounsel.com%2F&amp;a=www.ksfcounsel.com\" rel=\"nofollow noopener noreferrer\">www.ksfcounsel.com<\/a>. <\/p>\n<p>Contact:<\/p>\n<p>Kahn Swick &amp; Foti, LLC<br \/><span class=\"xn-person\">Lewis Kahn<\/span>, Managing Partner<br \/><a target=\"_blank\" href=\"mailto:lewis.kahn@ksfcounsel.com\" rel=\"nofollow noopener noreferrer\">lewis.kahn@ksfcounsel.com<\/a>\u00a0<br \/>1-877-515-1850<br \/>1100 Poydras St., Suite 3200<br \/><span class=\"xn-location\">New Orleans, LA<\/span> 70163<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=DA92057&amp;sd=2020-11-15\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/nikola-24-hour-deadline-alert-former-louisiana-attorney-general-and-kahn-swick--foti-llc-remind-investors-with-losses-in-excess-of-100-000-of-deadline-in-class-action-lawsuits-against-nikola-corporation---nkla-nklaw-fka-ve-301173202.html\">http:\/\/www.prnewswire.com\/news-releases\/nikola-24-hour-deadline-alert-former-louisiana-attorney-general-and-kahn-swick&#8211;foti-llc-remind-investors-with-losses-in-excess-of-100-000-of-deadline-in-class-action-lawsuits-against-nikola-corporation&#8212;nkla-nklaw-fka-ve-301173202.html<\/a><\/p>\n<p>SOURCE  Kahn Swick &amp; Foti, LLC<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=DA92057&amp;Transmission_Id=202011152250PR_NEWS_USPR_____DA92057&amp;DateId=20201115\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire NEW ORLEANS, Nov. 15, 2020 \/PRNewswire\/ &#8212;\u00a0Kahn Swick &amp; Foti, LLC (&#8220;KSF&#8221;) and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have only until November 16, 2020 to file lead plaintiff applications in securities class action lawsuits against Nikola Corporation (NasdaqGS: NKLA, NKLAW) f\/k\/a VectoIQ Acquisition Corp. (NasdaqCM: VTIQ, VTIQW, VTIQU), if they purchased the Company&#8217;s securities between March 3, 2020 and October 15, 2020, inclusive (the &#8220;Class Period&#8221;) or owned VectoIQ shares as of the May 8, 2020 record date and were entitled to vote on VectoIQ&#8217;s proposed transaction with Nikola. \u00a0These actions are pending in the United States District Courts for the District of Arizona, Eastern District of &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/nikola-24-hour-deadline-alert-former-louisiana-attorney-general-and-kahn-swick-foti-llc-remind-investors-with-losses-in-excess-of-100000-of-deadline-in-class-action-lawsuits-against-nikola-c\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;NIKOLA 24 HOUR DEADLINE ALERT: Former Louisiana Attorney General and Kahn Swick &amp; Foti, LLC Remind Investors with Losses in Excess of $100,000 of Deadline in Class Action Lawsuits Against Nikola Corporation &#8211; NKLA, NKLAW, f\/k\/a VectoIQ Acquisition Corp. VTIQ, VTIQW, VTIQU&#8221;<\/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-381298","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>NIKOLA 24 HOUR DEADLINE ALERT: Former Louisiana Attorney General and Kahn Swick &amp; Foti, LLC Remind Investors with Losses in Excess of $100,000 of Deadline in Class Action Lawsuits Against Nikola Corporation - NKLA, NKLAW, f\/k\/a VectoIQ Acquisition Corp. VTIQ, VTIQW, VTIQU - 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\/nikola-24-hour-deadline-alert-former-louisiana-attorney-general-and-kahn-swick-foti-llc-remind-investors-with-losses-in-excess-of-100000-of-deadline-in-class-action-lawsuits-against-nikola-c\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NIKOLA 24 HOUR DEADLINE ALERT: Former Louisiana Attorney General and Kahn Swick &amp; Foti, LLC Remind Investors with Losses in Excess of $100,000 of Deadline in Class Action Lawsuits Against Nikola Corporation - NKLA, NKLAW, f\/k\/a VectoIQ Acquisition Corp. VTIQ, VTIQW, VTIQU - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire NEW ORLEANS, Nov. 15, 2020 \/PRNewswire\/ &#8212;\u00a0Kahn Swick &amp; Foti, LLC (&#8220;KSF&#8221;) and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have only until November 16, 2020 to file lead plaintiff applications in securities class action lawsuits against Nikola Corporation (NasdaqGS: NKLA, NKLAW) f\/k\/a VectoIQ Acquisition Corp. (NasdaqCM: VTIQ, VTIQW, VTIQU), if they purchased the Company&#8217;s securities between March 3, 2020 and October 15, 2020, inclusive (the &#8220;Class Period&#8221;) or owned VectoIQ shares as of the May 8, 2020 record date and were entitled to vote on VectoIQ&#8217;s proposed transaction with Nikola. \u00a0These actions are pending in the United States District Courts for the District of Arizona, Eastern District of &hellip; Continue reading &quot;NIKOLA 24 HOUR DEADLINE ALERT: Former Louisiana Attorney General and Kahn Swick &amp; Foti, LLC Remind Investors with Losses in Excess of $100,000 of Deadline in Class Action Lawsuits Against Nikola Corporation &#8211; NKLA, NKLAW, f\/k\/a VectoIQ Acquisition Corp. VTIQ, VTIQW, VTIQU&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/nikola-24-hour-deadline-alert-former-louisiana-attorney-general-and-kahn-swick-foti-llc-remind-investors-with-losses-in-excess-of-100000-of-deadline-in-class-action-lawsuits-against-nikola-c\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-16T03:53:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/399590\/Kahn_Swick_and_Foti_Logo.jpg\" \/>\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=\"2 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\\\/nikola-24-hour-deadline-alert-former-louisiana-attorney-general-and-kahn-swick-foti-llc-remind-investors-with-losses-in-excess-of-100000-of-deadline-in-class-action-lawsuits-against-nikola-c\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nikola-24-hour-deadline-alert-former-louisiana-attorney-general-and-kahn-swick-foti-llc-remind-investors-with-losses-in-excess-of-100000-of-deadline-in-class-action-lawsuits-against-nikola-c\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"NIKOLA 24 HOUR DEADLINE ALERT: Former Louisiana Attorney General and Kahn Swick &amp; Foti, LLC Remind Investors with Losses in Excess of $100,000 of Deadline in Class Action Lawsuits Against Nikola Corporation &#8211; NKLA, NKLAW, f\\\/k\\\/a VectoIQ Acquisition Corp. 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VTIQ, VTIQW, VTIQU - Market Newsdesk","og_description":"PR Newswire NEW ORLEANS, Nov. 15, 2020 \/PRNewswire\/ &#8212;\u00a0Kahn Swick &amp; Foti, LLC (&#8220;KSF&#8221;) and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have only until November 16, 2020 to file lead plaintiff applications in securities class action lawsuits against Nikola Corporation (NasdaqGS: NKLA, NKLAW) f\/k\/a VectoIQ Acquisition Corp. (NasdaqCM: VTIQ, VTIQW, VTIQU), if they purchased the Company&#8217;s securities between March 3, 2020 and October 15, 2020, inclusive (the &#8220;Class Period&#8221;) or owned VectoIQ shares as of the May 8, 2020 record date and were entitled to vote on VectoIQ&#8217;s proposed transaction with Nikola. \u00a0These actions are pending in the United States District Courts for the District of Arizona, Eastern District of &hellip; Continue reading \"NIKOLA 24 HOUR DEADLINE ALERT: Former Louisiana Attorney General and Kahn Swick &amp; Foti, LLC Remind Investors with Losses in Excess of $100,000 of Deadline in Class Action Lawsuits Against Nikola Corporation &#8211; NKLA, NKLAW, f\/k\/a VectoIQ Acquisition Corp. VTIQ, VTIQW, VTIQU\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/nikola-24-hour-deadline-alert-former-louisiana-attorney-general-and-kahn-swick-foti-llc-remind-investors-with-losses-in-excess-of-100000-of-deadline-in-class-action-lawsuits-against-nikola-c\/","og_site_name":"Market Newsdesk","article_published_time":"2020-11-16T03:53:08+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/399590\/Kahn_Swick_and_Foti_Logo.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/nikola-24-hour-deadline-alert-former-louisiana-attorney-general-and-kahn-swick-foti-llc-remind-investors-with-losses-in-excess-of-100000-of-deadline-in-class-action-lawsuits-against-nikola-c\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/nikola-24-hour-deadline-alert-former-louisiana-attorney-general-and-kahn-swick-foti-llc-remind-investors-with-losses-in-excess-of-100000-of-deadline-in-class-action-lawsuits-against-nikola-c\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"NIKOLA 24 HOUR DEADLINE ALERT: Former Louisiana Attorney General and Kahn Swick &amp; Foti, LLC Remind Investors with Losses in Excess of $100,000 of Deadline in Class Action Lawsuits Against Nikola Corporation &#8211; NKLA, NKLAW, f\/k\/a VectoIQ Acquisition Corp. 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