Attorneys

NKLA, NNOX 9-DAY DEADLINE WARNING: Hagens Berman, Nationwide Litigation Attorneys, Notifications NKLA, NNOX Buyers on the upcoming deadline for lead plaintiffs at school motion lawsuits for securities fraud, encourages traders with losses to contact the corporate – Stockhouse

SAN FRANCISCO, CA / ACCESSWIRE / November 7, 2020 / Hagens Berman Updates Investors in the Following Listed Companies and encourages investors who have suffered significant losses to reach out to the company. For more details on the cases, including upcoming application deadlines, please see the links provided.

NKLA Investors Click Here.

NNOX Investors Click Here.

Class action lawsuit against Nikola Corporation (NKLA) securities::

Classes: March 3, 2020 – September 20, 2020

Lead plaintiff deadline: November 16, 2020

Visit: www.hbsslaw.com/investor-fraud/NKLA

Contact an attorney now: [email protected]

844-916-0895

The complaint alleges that throughout the classroom, Defendants incorrectly stated or failed to state, among other things, that: (1) Nikola overestimated his in-house design, manufacturing and testing skills; (2) exaggerated its hydrogen production capabilities; (3) As a result, Nikola has overestimated its ability to reduce the cost of hydrogen fuel. (4) Nikola founder and chairman of the board, Trevor Milton, tweeted a deceptive test video of the company’s Nikola Two truck. (5) The work experience and backgrounds of Nikola’s key employees, including Mr. Milton, have been overrated and obscured. and (6) Nikola hadn’t completed five Tre trucks.

Investors learned the truth through a series of partial disclosures that began on September 10, 2020 when Hindenburg Research released a scathing report accusing Nikola of lying about his truck’s capabilities, partnerships, and products, which was published on Sept. September 2020 ended when Milton abruptly resigned.

These events have sharply lowered the price of Nikola shares.

Significantly, In-Cap, a company indirectly controlled by Nikola director Jeffrey Ubben, sold 1.4 million Nikola shares at $ 42.69 / share for less than a month prior to these disclosures on August 11, 2020 over $ 59 million in total. While Ubben allegedly claims that the suspiciously timed sale was forced upon him through “redemptions by investors”, Hagens Berman is actively investigating the validity of that claim.

Most recently, on September 29, 2020, CNBC reported a second sexual abuse allegation against Milton and that the widely touted partnership with GM announced earlier this month is not a “deal”.

“We are focused on (i) investor losses, (ii) evidence that Nikola misrepresented the functionality, technology and partnerships of his truck, and (iii) whether Nikola stakeholders like Ubben are illegal insider trading”, said Reed Kathrein, Hagens Berman partner is leading the investigation.

If you’re a Nikola investor or would like to assist with the company’s investigation, click here to discuss your statutory rights with Hagens Berman.

Class action lawsuit against Nano-X Imaging (NNOX) securities::

Classes: August 21, 2020 – September 15, 2020

Lead plaintiff deadline: November 16, 2020

Visit: www.hbsslaw.com/investor-fraud/NNOX

Contact an attorney now: [email protected]

844-916-0895

The complaint alleges that the defendants concealed throughout the classroom that Nano-X: (1) established trade agreements and customers; (2) Statements regarding his novel Nanox system were misleading; and (3) Nano-X’s filing with the FDA admitted that the Nanox system was not original.

Investors allegedly began learning the truth on September 15, 2020 when Citron Research released a report accusing Nano-X of “conducting the most obvious stock promotion we’ve seen in years”. Challenging the new innovative technology claimed by Nano-X, Citron stated, “We haven’t even seen evidence of the product and only seen a model drawing of what this machine is supposed to look like.” Citron also claimed that Nano-X’s trade agreements “only appear to be bogus customers”.

After this report, the price of the Nano-X share fell significantly.

On September 17, 2020, Empire Financial Research released a report stating that Nano-X looked like “Theranos 2.0” and that “this stock is worthless”.

Finally, on September 22, 2020, Muddy Waters released a report concluding that Nano-X is “a much bigger piece of junk than Nikola ever was,” based on interviews with radiologists and alleged dealers. Muddy Waters stated that Nano-X’s ARC device “appears to be little more than a futuristic movie prop” and “[i]In fact, an Israeli company that designed a pickup truck used in the Jurassic World film claims credit for its design. “

“We’re focusing on investor losses and proving that Nano-X misrepresented the status of its X-ray source and trade agreements,” said Reed Kathrein, the Hagens Berman partner who led the investigation.

If you’re a Nano-X investor or would like to assist with the company’s investigation, click here to discuss your legal rights with Hagens Berman.

Whistleblowers: Individuals with nonpublic information about Nikola and / or Nano-X should review their options to help with the investigation or use the SEC whistleblower program. Under the new program, whistleblowers who provide original information can receive rewards of up to 30 percent for each successful SEC recovery. For more information, call Reed Kathrein at 844-916-0895 or send an email to [email protected] and / or [email protected]

# # #

About Hagens Berman

Hagens Berman is a national law firm with nine offices in eight cities across the country and eighty attorneys. The firm represents investors, whistleblowers, employees and consumers in complex legal disputes. More information about the company and its achievements can be found at hbsslaw.com. For the latest news, visit our newsroom or follow us on Twitter @classactionlaw.

Contact::

Reed Kathrein, 844-916-0895

SOURCE: Hagens Berman Sobol Shapiro LLP

View source version on accesswire.com:

https://www.accesswire.com/615328/NKLA-NNOX-9-DAY-DEADLINE-ALERT-Hagens-Berman-National-Trial-Attorneys-Alerts-NKLA-NNOX-Investors-of-Upcoming-Lead-Plaintiff- Deadline-in-Securities-Fraud-Class-Actions-encourages-investors-with-losses-to-contact-companies

Related Articles