{"id":688172,"date":"2022-09-22T12:03:18","date_gmt":"2022-09-22T16:03:18","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/nio-investors-have-opportunity-to-lead-nio-inc-securities-fraud-lawsuit-3\/"},"modified":"2022-09-22T12:03:18","modified_gmt":"2022-09-22T16:03:18","slug":"nio-investors-have-opportunity-to-lead-nio-inc-securities-fraud-lawsuit-3","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/nio-investors-have-opportunity-to-lead-nio-inc-securities-fraud-lawsuit-3\/","title":{"rendered":"NIO Investors Have Opportunity to Lead NIO Inc. Securities Fraud Lawsuit"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n
\n LOS ANGELES<\/span>
\n <\/span>, Sept. 22, 2022<\/span><\/span> \/PRNewswire\/ — The Law Offices of Frank R. Cruz<\/span><\/a> announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against NIO Inc. (“NIO” or the “Company”) (NYSE: NIO<\/a>).<\/p>\n

\n

\n
\n \"(PRNewsfoto\/The
\n <\/a>\n <\/p>\n<\/p><\/div>\n

\n Class Period: <\/b>
\n August 20, 2020<\/span> \u2013 July 11, 2022<\/span>
Lead Plaintiff Deadline:<\/b>October 24, 2022<\/span><\/p>\n

If you are a shareholder who suffered a loss, click here<\/a> to participate.<\/p>\n

The complaint filed alleges that, throughout the Class Period, Defendants failed to disclose to investors: (1) that NIO pulled forward revenue by selling batteries to a related party, which owned the batteries and managed users’ subscriptions; (2) that, through the related party, NIO also recognized enormous depreciation savings; (3) that, as a result of the foregoing, the Company’s revenue and net loss were overstated; and (4) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and\/or lacked a reasonable basis.<\/p>\n

Follow us for updates on Twitter: twitter.com\/FRC_LAW<\/a>.<\/p>\n

To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. \u00a0If you wish to\u00a0learn more\u00a0about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Frank R. Cruz<\/span>, of The Law Offices of Frank R. Cruz<\/span>, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California<\/span> 90067 at 310-914-5007, by email to info@frankcruzlaw.com<\/a>, or visit our website at www.frankcruzlaw.com<\/a>.\u00a0 If you inquire by email please include your mailing address, telephone number, and number of shares purchased.<\/p>\n

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.<\/p>\n

<\/div>\n

\n \"Cision\" View original content to download multimedia:https:\/\/www.prnewswire.com\/news-releases\/nio-investors-have-opportunity-to-lead-nio-inc-securities-fraud-lawsuit-301630668.html<\/a><\/p>\n

SOURCE The Law Offices of Frank R. Cruz<\/span>, Los Angeles<\/span><\/p>\n<\/p><\/div>\n

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

PR Newswire LOS ANGELES , Sept. 22, 2022 \/PRNewswire\/ — The Law Offices of Frank R. Cruz announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against NIO Inc. (“NIO” or the “Company”) (NYSE: NIO). Class Period: August 20, 2020 \u2013 July 11, 2022Lead Plaintiff Deadline:October 24, 2022 If you are a shareholder who suffered a loss, click here to participate. The complaint filed alleges that, throughout the Class Period, Defendants failed to disclose to investors: (1) that NIO pulled forward revenue by selling batteries to a related party, which owned the batteries and managed users’ subscriptions; (2) that, through the related party, NIO also recognized enormous depreciation savings; (3) that, as a … <\/p>\n

Continue reading “NIO Investors Have Opportunity to Lead NIO Inc. Securities Fraud Lawsuit”<\/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-688172","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nNIO Investors Have Opportunity to Lead NIO Inc. Securities Fraud Lawsuit - 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\/nio-investors-have-opportunity-to-lead-nio-inc-securities-fraud-lawsuit-3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NIO Investors Have Opportunity to Lead NIO Inc. 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