{"id":688900,"date":"2022-09-26T15:24:03","date_gmt":"2022-09-26T19:24:03","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/gainey-mckenna-egleston-investigates-the-officers-and-directors-of-embark-technology-inc-embk\/"},"modified":"2022-09-26T15:24:03","modified_gmt":"2022-09-26T19:24:03","slug":"gainey-mckenna-egleston-investigates-the-officers-and-directors-of-embark-technology-inc-embk","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/gainey-mckenna-egleston-investigates-the-officers-and-directors-of-embark-technology-inc-embk\/","title":{"rendered":"Gainey McKenna & Egleston Investigates The Officers And Directors Of Embark Technology, Inc. (EMBK)"},"content":{"rendered":"
\n

NEW YORK, Sept. 26, 2022 (GLOBE NEWSWIRE) — Gainey McKenna & Egleston announces that it is investigating the officers and directors of Embark Technologies, Inc. (\u201cEmbark\u201d or the \u201cCompany\u201d) (NASDAQ: EMBK) (NASDAQ: EMBKW) (NASDAQ: NGAB) (NASDAQ: NGAB.U) (NASDAQ: NGAB.WS) for potential breaches of fiduciary duties, waste of corporate assets, and unjust enrichment between January 12, 2021 and January 5, 2022.<\/p>\n

A securities class action complaint is pending in the United States District Court for the Northern District of California (the \u201cSecurities Class Action\u201d). The Complaint in the Securities Class Action alleges that Defendants made false and\/or misleading statements and\/or failed to disclose that: (1) Embark had performed inadequate due diligence into Embark Trucks Inc. (\u201cLegacy Embark\u201d); (2) Legacy Embark and the Company, following the November 2021 merger of Legacy Embark and Northern Genesis Acquisition Corp. II (the \u201cBusiness Combination\u201d), held no patents and an insignificant number of test trucks; (3) accordingly, Embark had overstated its operational and technological capabilities; (4) as a result of all the foregoing, Embark had overstated the business and financial prospects of the Company post-Business Combination; and (5) as a result, Defendants\u2019 public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.<\/p>\n

If you wish to discuss your rights or interests, please contact Thomas J. McKenna, Esq. or Gregory M. Egleston, Esq. of Gainey McKenna & Egleston at (212) 983-1300, or via e-mail at tjmckenna@gme-law.com<\/u><\/a> or gegleston@gme-law.com<\/u><\/a>.<\/p>\n

Please visit our website at http:\/\/www.gme-law.com<\/u><\/a> for more information about the firm.<\/p>\n


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

NEW YORK, Sept. 26, 2022 (GLOBE NEWSWIRE) — Gainey McKenna & Egleston announces that it is investigating the officers and directors of Embark Technologies, Inc. (\u201cEmbark\u201d or the \u201cCompany\u201d) (NASDAQ: EMBK) (NASDAQ: EMBKW) (NASDAQ: NGAB) (NASDAQ: NGAB.U) (NASDAQ: NGAB.WS) for potential breaches of fiduciary duties, waste of corporate assets, and unjust enrichment between January 12, 2021 and January 5, 2022. A securities class action complaint is pending in the United States District Court for the Northern District of California (the \u201cSecurities Class Action\u201d). The Complaint in the Securities Class Action alleges that Defendants made false and\/or misleading statements and\/or failed to disclose that: (1) Embark had performed inadequate due diligence into Embark Trucks Inc. (\u201cLegacy Embark\u201d); (2) Legacy Embark and … <\/p>\n

Continue reading “Gainey McKenna & Egleston Investigates The Officers And Directors Of Embark Technology, Inc. (EMBK)”<\/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-688900","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nGainey McKenna & Egleston Investigates The Officers And Directors Of Embark Technology, Inc. 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(\u201cEmbark\u201d or the \u201cCompany\u201d) (NASDAQ: EMBK) (NASDAQ: EMBKW) (NASDAQ: NGAB) (NASDAQ: NGAB.U) (NASDAQ: NGAB.WS) for potential breaches of fiduciary duties, waste of corporate assets, and unjust enrichment between January 12, 2021 and January 5, 2022. A securities class action complaint is pending in the United States District Court for the Northern District of California (the \u201cSecurities Class Action\u201d). The Complaint in the Securities Class Action alleges that Defendants made false and\/or misleading statements and\/or failed to disclose that: (1) Embark had performed inadequate due diligence into Embark Trucks Inc. (\u201cLegacy Embark\u201d); (2) Legacy Embark and … Continue reading "Gainey McKenna & Egleston Investigates The Officers And Directors Of Embark Technology, Inc. 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