Press release
Deadline on October 25th coming up in Lawsuit for Investors in NIO Inc. (NYSE: NIO) shares
A Deadline is coming up on October 25, 2022 in the lawsuit for certain investors in NIO Inc. (NYSE: NIO) and NIO Inc. (NYSE: NIO)
Investors who purchased shares of NIO Inc. (NYSE: NIO) have certain options and there are strict and short deadlines running. Deadline: October 25, 2022. NYSE: NIO 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 Southern District of New York the plaintiff alleges on behalf of purchasers of NIO Inc. (NYSE: NIO) common shares between March 1, 2021 and July 11, 2022, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between March 1, 2021 and July 11, 2022, the Defendants failed to disclose to investors that NIO pulled forward revenue by selling batteries to a related party, which owned the batteries and managed users' subscriptions, that, through the related party, NIO also recognized enormous depreciation savings, that, as a result of the foregoing, the Company's revenue and net loss were overstated, and that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Those who purchased shares of NIO Inc. (NYSE: NIO) have certain options and should contact the Shareholders Foundation.
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 lawsuits, 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.
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