Recent Security Class Actions

Nikola Corporation Common Stock (NASDAQ: NKLA)

Company Name:Nikola Corporation Common Stock
Stock Symbol:NASDAQ: NKLA
Class Period Start:02/24/2022
Class Period End (inclusive):09/07/2023
Filing Deadline:12/12/2023

The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and compliance policies. Specifically, the Complaint alleges Defendants made false and/or misleading statements and/or failed to disclose that: (i) the Company maintained deficient safety and structural controls related to its manufacturing of battery components; (ii) the foregoing deficiencies rendered Nikola's vehicles unsafe to operate and thus unusable, thereby raising the likelihood of a product recall; and (iii) as a result, the Company's public statements were materially false and misleading at all relevant times.