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ROSEN, A TOP RANKED LAW FIRM, Reminds Nikola Corporation Investors of Important Deadline in Securities Class Action Case First Filed by Firm; Encourages Investors with Losses in Excess of $100K to...

NEW YORK, Sept. 26, 2020 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Nikola Corporation (NASDAQ: NKLA, NKLAW), f/k/a VectoIQ Acquisition Corp. (NASDAQ: VTIQ, VTIQW, VTIQU), between March 3, 2020 and September 15, 2020, inclusive (the "Class Period"), of the important November 16, 2020 lead plaintiff deadline in the securities class action commenced by the firm. The lawsuit seeks to recover damages for Nikola investors under the federal securities laws.
ROSEN, A TOP RANKED LAW FIRM, Reminds Nikola Corporation Investors of Important Deadline in Securities Class Action Case First Filed by Firm; Encourages Investors with Losses in Excess of $100K to...
To join the Nikola class action, go to https://www.rosenlegal.com/cases-register-1943.htmlA or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.comA or cases@rosenlegal.comA for information on the class action.According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) VectoIQ did not engage in proper due diligence regarding its merger with Nikola; (2) Nikola overstated its "in-house" design, manufacturing, and testing capabilities; (3) Nikola overstated its hydrogen production capabilities; (4) as a result, Nikola overstated its ability to lower the cost of hydrogen fuel; (5) Nikola founder and Executive Chairman, Trevor Milton, tweeted a misleading "test" video of the Company's Nikola Two truck; (6) the work experience and background of key Nikola employees, including Mr. Milton, had been overstated and obfuscated; (7) Nikola did not have five Tre trucks completed; and (8) 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.A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than November 16, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to https://www.rosenlegal.com/cases-register-1943.htmlA or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. of Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or cases@rosenlegal.com.
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