Deadline on Nov. 16th coming up in Lawsuit for Investors in shares of Nikola Corporation (NASDAQ: NKLA)

A deadline is coming up on November 16, 2020 in the lawsuit filed for certain investors of Nikola Corporation (NASDAQ: NKLA) over alleged securities laws violations by Nikola Corporation.

Investors who purchased shares of Nikola Corporation (NASDAQ: NKLA) have certain options and there are strict and short deadlines running. Deadline: November 16, 2020. NASDAQ: NKLA stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint filed in the U.S. District Court for the District of Arizona the plaintiff alleges on behalf of purchasers of Nikola Corporation (NASDAQ: NKLA, NKLAW), f/k/a VectoIQ Acquisition Corp. (NASDAQ: VTIQ, VTIQW, VTIQU) common shares between March 3, 2020 and September 15, 2020, that the defendants violated Federal Securities Laws.

More specifically, the plaintiff claims that between March 3, 2020 and September 15, 2020, the defendants made false and/or misleading statements and/or failed to disclose that VectoIQ did not engage in proper due diligence regarding its merger with Nikola, that Nikola overstated its “in-house” design, manufacturing, and testing capabilities, that Nikola overstated its hydrogen production capabilities, that as a result, Nikola overstated its ability to lower the cost of hydrogen fuel, that Nikola founder and Executive Chairman, Trevor Milton, tweeted a misleading “test” video of the Company’s Nikola Two truck, that the work experience and background of key Nikola employees, including Mr. Milton, had been overstated and obfuscated, that Nikola did not have five Tre trucks completed, and that as a result, defendants’ public statements were materially false and/or misleading at all relevant times. According to the suit, these true details were disclosed by a market research firm.

Those who purchased shares of Nikola Corporation (NASDAQ: NKLA) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.