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SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Nikola Corporation, f/k/a VectoIQ Acquisition Corp. of a Class Action Lawsuit and a Lead Plaintiff Deadline of November 16, 2020 - NKLA

Newsfile Corp.
·2 min read

New York, New York--(Newsfile Corp. - October 13, 2020) - The following statement is being issued by Levi & Korsinsky, LLP:

To: All persons or entities who purchased or otherwise acquired securities of Nikola Corporation, f/k/a VectoIQ Acquisition Corp. ("Nikola Corporation, f/k/a VectoIQ Acquisition Corp.") (NASDAQ: NKLA) between March 3, 2020 and September 15, 2020. You are hereby notified that a securities class action lawsuit has been commenced in the the United States District Court for the District of Arizona. To get more information go to:

https://www.zlk.com/pslra-1/nikola-corporation-f-k-a-vectoiq-acquisition-corp-information-request-form?prid=10083&wire=5

or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500. There is no cost or obligation to you.

The complaint alleges that throughout the class period Defendants issued 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 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.

If you suffered a loss in Nikola Corporation, f/k/a VectoIQ Acquisition Corp. you have until November 16, 2020 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

Levi & Korsinsky is a nationally recognized firm with offices in New York, California, Connecticut, and Washington D.C. The firm's attorneys have extensive expertise and experience representing investors in securities litigation and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/65825