NEW YORK–(Company WIRE)–#Acquisition—WHY: Rosen Regulation Agency, a worldwide trader rights regulation business, reminds purchasers of the securities of Embark Technology, Inc. f/k/a Northern Genesis Acquisition Corp. II (NASDAQ: EMBK, EMBKW, NGAB, NGAB.U, NGAB.WS) among January 12, 2021 and January 5, 2022, inclusive (the “Class Period”), of the important May 31, 2022 lead plaintiff deadline.
SO WHAT: If you bought Embark securities all through the Class Period you may possibly be entitled to payment without payment of any out of pocket costs or charges by means of a contingency cost arrangement.
WHAT TO DO Next: To be a part of the Embark class action, go to https://rosenlegal.com/post-kind/?situation_id=4934 or get in touch with Phillip Kim, Esq. toll-free at 866-767-3653 or electronic mail pkim@rosenlegal.com or scenarios@rosenlegal.com for information on the course action. A course motion lawsuit has previously been submitted. If you desire to provide as direct plaintiff, you should move the Courtroom no later than May 31, 2022. A guide plaintiff is a representative celebration acting on behalf of other course users in directing the litigation.
WHY ROSEN Law: We stimulate buyers to select competent counsel with a observe record of achievement in leadership roles. Often, companies issuing notices do not have similar expertise, means or any meaningful peer recognition. A lot of of these companies do not really deal with securities course steps, but are simply middlemen that refer customers or spouse with legislation corporations that truly litigate the circumstances. Be smart in choosing counsel. The Rosen Regulation Firm represents buyers all over the globe, concentrating its observe in securities course steps and shareholder by-product litigation. Rosen Regulation Business has obtained the major at any time securities class action settlement towards a Chinese Organization. Rosen Legislation Organization was Ranked No. 1 by ISS Securities Class Action Products and services for variety of securities course action settlements in 2017. The agency has been rated in the top 4 each calendar year considering that 2013 and has recovered hundreds of hundreds of thousands of dollars for buyers. In 2019 by itself the company secured more than $438 million for traders. In 2020, founding spouse Laurence Rosen was named by regulation360 as a Titan of Plaintiffs’ Bar. Quite a few of the firm’s lawyers have been regarded by Lawdragon and Tremendous Lawyers.
Details OF THE Situation: According to the lawsuit, defendants throughout the Course Interval made untrue and/or misleading statements and/or unsuccessful to disclose that: (1) Embark experienced performed inadequate thanks diligence into Embark Trucks Inc. (“Legacy Embark”) (2) Legacy Embark and the Organization, subsequent the November 2021 merger of Legacy Embark and Northern Genesis Acquisition Corp. II (the “Business Combination”), held no patents and an insignificant quantity of examination vans (3) accordingly, Embark had overstated its operational and technological abilities (4) as a final result of all the foregoing, Embark had overstated the small business and financial prospective customers of the Company publish-Business Combination and (5) as a final result, defendants’ public statements had been materially bogus and misleading at all relevant periods. When the accurate specifics entered the market, the lawsuit statements that buyers endured damages.
To sign up for the Embark class action, go to https://rosenlegal.com/submit-form/?situation_id=4934 or contact Phillip Kim, Esq. toll-absolutely free at 866-767-3653 or email pkim@rosenlegal.com or conditions@rosenlegal.com for data on the class action.
No Course Has Been Certified. Until finally a course is qualified, you are not represented by counsel except if you retain a person. You may select counsel of your option. You may also keep on being an absent course member and do nothing at all at this issue. An investor’s means to share in any opportunity foreseeable future restoration is not dependent on serving as guide plaintiff.
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Contacts
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Legislation Agency, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Cost-free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
instances@rosenlegal.com
www.rosenlegal.com
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