LOS ANGELES, Sep 10, 2020 (GLOBE NEWSWIRE) – Portnoy law firm is announcing to Nikola Corporation ("Nikola" or the "Company") (NASDAQ: NKLA) investors that the firm has opened an investigation into possible securities fraud in the Filing a class action lawsuit on behalf of investors.
Investors are encouraged to contact Attorney Lesley F. Portnoy by phone at 310-692-8883 or email email@example.com to discuss their legal rights, or click here to join the case on www .portnoylaw.com. Portnoy law firm can provide a free case assessment and discuss investors' options for pursuing claims for reimbursement of their losses.
On September 10, 2020, investment analyst Hindenburg Research published a report on Nikola Corporation entitled "Nikola: How to Partner an Ocean of Lies with America's Largest Automaker (.)". This is claimed in the Hindenburg report that Nikola “is an intricate scam based on dozens of lies. . . "This report also claims, among other things, that Nikola claims to" design all key components in-house (), but they appear to be merely buying or licensing them from third parties. " . . (W) We discovered that Nikola was actually buying inverters from a company called Cascadia. In a video showing the internal inverters, Nikola covered the Cascadia label with a piece of tape. Hindenburg goes on to claim that Nikola investors were misled about battery and hydrogen fuel cell claims, as well as the alleged "billion dollar order book" that Hindenburg describes as "filled with lint."
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Portnoy law firm represents investors in pursuing claims arising from corporate infringements. The company's founding partner has confiscated over $ 5.5 billion for aggrieved investors. Lawyer advertising. Previous results do not guarantee similar results.
Lesley F. Portnoy, Esq.
Approved CA and NY bar