SHAREHOLDER ACTION REMINDER: The Schall Law Firm Announces the Filinges of a Class Action LawsSuit Against Nikola Corporation

The Schall Law Firm , a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Nikola Corporation (Nikola or the Company) (NASDAQ: NKLA ) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Metadata
Provider: 
Business Wire, Inc.Business Wire, Inc.
Retrieved on: 
Thursday, September 17, 2020
Information
Tags: 
Legal, Professional services, Stock market, Financial markets, Lawsuits, Securities Class Action, Securities Exchange Act, SEC Rule 10b-5, U.S. Securities and Exchange Commission, Security, Legal, Professional services, Stock market, Financial markets, Lawsuits, Securities Class Action, Securities Exchange Act, SEC Rule 10b-5, U.S. Securities and Exchange Commission, Security
Geotags: 
United States, California, California, United States
⚠generated by AI ↴
Summary
Key Points: 
  • The Schall Law Firm , a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Nikola Corporation (Nikola or the Company) (NASDAQ: NKLA ) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
  • Investors who purchased the Company's securities between June 4, 2020 and September 9, 2020, inclusive (the ''Class Period''), are encouraged to contact the firm before November 16, 2020.
  • We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge.
  • The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.


The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Nikola Corporation (“Nikola” or “the Company”) (NASDAQ: NKLA) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company's securities between June 4, 2020 and September 9, 2020, inclusive (the ''Class Period''), are encouraged to contact the firm before November 16, 2020.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Nikola’s founder, Trevor Milton, materially misrepresented the Company’s technology and business. The Company’s profitability and business prospects were massively overstated. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Nikola, investors suffered damages.

Join the case to recover your losses.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

Copyright: 
Copyright Business Wire 2020