LOS ANGELES, Calif./ACCESSWIRE/April 5, 2022/ Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Embark Technology, Inc. f/k/a Northern Genesis Acquisition Corp. II (“Embark” or “the Company”) EMBK for violation of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the United States Securities and Exchange Commission.
Investors who purchased the Company’s securities between January 12, 2021 and January 5, 2022 inclusive (the “Class Period”) are invited to contact the Company before May 31, 2022.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us via the firm’s website at www.schallfirm.com or by email at [email protected]
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to do nothing, you can remain an absent member of the group.
According to the complaint, the company made false and misleading statements to the market. Embark failed to exercise due diligence in Embark Trucks Inc. (“Legacy Embark”). Due to this failure, the Company held no patents and only a few test trucks following the business combination. The company overestimated its technical capabilities and skills. Based on these facts, the Company’s public statements were false and materially misleading throughout the Class Period. When the market learned the truth about Embark, investors suffered damage.
Join the case to recoup your losses.
Schall Law Firm represents investors worldwide and specializes in securities class action and shareholder rights litigation.
This press release may be considered attorney advertising in certain jurisdictions under applicable law and ethics rules.
Schall law firm
Brian Schall, Esq.,
THE SOURCE: Schall law firm
See the source version on accesswire.com:
https://www.accesswire.com/696119/INVESTOR-ACTION-ALERT-The-Schall-Law-Firm-Encourages-Investors-in-Embark-Technology-Inc-with-Losses-of-100000-to-Contact- the company