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Bronstein, Gewirtz & Grossman, LLC Notifies Shareholders of Nikola Corporation (NKLA) Investigation

NEW YORK, NY / ACCESSWIRE / September 11, 2020 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Nikola Corporation ("Nikola" or the "Company") (NASDAQ:NKLA). Investors who purchased Nikola securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/nkla.

The investigation concerns whether Nikola and certain of its officers and/or directors have violated federal securities laws.

On September 10, 2020, Hindenburg Research published a report entitled "Nikola: How to Parlay An Ocean of Lies Into a Partnership With the Largest Auto OEM in America" (the "Hindenburg Report"). The Hindenburg Report suggested that the firm had gathered extensive evidence on false statements made by Nikola's founder Trevor Milton, including that Milton misrepresented, inter alia, the Company's battery and fuel cell technology and the size of the Company's order book. The Hindenburg Report further claimed that Milton used these misrepresentations to substantially grow the Company and secure partnerships with top auto companies. On this news, Nikola's stock price fell $4.80 per share, or 11.33%, to close at $37.57 per share on September 10, 2020.

If you are aware of any facts relating to this investigation, or purchased Nikola shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/nkla. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com

SOURCE: Bronstein, Gewirtz and Grossman, LLC



View source version on accesswire.com:
https://www.accesswire.com/605716/Bronstein-Gewirtz-Grossman-LLC-Notifies-Shareholders-of-Nikola-Corporation-NKLA-Investigation

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