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New York, New York--(Newsfile Corp. - November 4, 2020) - The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Nikola Corporation, f/k/a VectoIQ Acquisition Corp. (NASDAQ: NKLA) alleging that the Company violated federal securities laws. Class Period: March 3, 2020 and October 6, 2020 Lead Plaintiff Deadline: November 16, 2020 Learn more about your recoverable losses in NKLA: http://www.kleinstocklaw.com/pslra-1/nikola-corporation-f-k-a-vectoiq-acquisition-corp-loss-submission-form?id=10693&from=5 The filed complaint alleges that Nikola Corporation, f/k/a VectoIQ Acquisition Corp. made materially 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 Companys 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. Shareholders have until November 16, 2020 to petition the court for lead plaintiff status. Your ability to share in any recovery doesnt require that you serve as a lead plaintiff. For additional information about the NKLA lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click the link above. J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT: J. Klein, Esq. Empire State Building 350 Fifth Avenue 59th Floor New York, NY 10118 jk@kleinstocklaw.com Telephone: (212) 616-4899 Fax: (347) 558-9665 www.kleinstocklaw.com To view the source version of this press release, please visit https://www.newsfilecorp.com/release/67465 View comments
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