New York, New York–(Newsfile Corp. – October 7, 2023) – Pomerantz LLP is investigating claims on behalf of investors of Nikola Corporation (“Nikola” or the “Company”) (NASDAQ: NKLA). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 7980.
The investigation concerns whether Nikola and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On August 11, 2023, Nikola issued a recall of all 209 battery-electric trucks that it has delivered or built to date after an investigation into recent fires found a coolant leak inside a battery pack as the cause.
Following news of the recall, Nikola’s stock price fell $0.13 per share, or 6.67%, to close at $1.82 per share on August 14, 2023.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
CONTACT:
Robert S. Willoughby
Pomerantz LLP
888-476-6529 ext. 7980
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