NEW YORK, September 11, 2020 / PRNewswire / – Pomerantz LLP is investigating claims on behalf of investors in Nikola Corporation ("Nikola" or the "Company") (NASDAQ: NKLA). We recommend that you contact these investors Robert S. Willoughby at the (Email protected) or 888-476-6529, ext. 7980.
The investigation concerns whether Nikola and any of his officers and / or directors have committed securities fraud or other illegal business practices.
(Click here for information on how to participate in the class action.)
On September 10, 2020, Hindenburg Research released a report entitled "Nikola: How to Partner an Ocean of Lies with America's Largest Automaker" (the "Hindenburg Report"). The Hindenburg report indicated that the company had amassed extensive evidence of false statements by Nikola's founder Trevor Miltonincluding the fact that Milton misrepresented the company's battery and fuel cell technology and the size of the company's order book, among other things. The Hindenburg report also alleged that Milton used this false information to grow the company significantly and to secure partnerships with leading automotive companies.
On the news, Nikola 's share price fell $ 4.80 per share or 11.33% to close at $ 37.57 per share on September 10, 2020.
The Pomerantz company with offices in new York, Chicago, los Angeles, and Paris is recognized as a leader in corporate, securities and antitrust litigation. Established by the late Abraham L. PomerantzPomerantz Company, known as the dean of class action, pioneered class action lawsuits. Today, more than 80 years later, Pomerantz continues its tradition of fighting for the rights of victims of securities fraud, fiduciary violations and corporate misconduct. The company has received numerous millions of dollars in damages on behalf of class members. See www.pomerantzlaw.com.
Robert S. Willoughby
888-476-6529 ext. 7980
SOURCE Pomerantz LLP