NIKOLA SHAREHOLDERS

November 16, 2020 Filing Deadline in Class Action – Contact Lieff Cabraser - Seite 2

On September 14, 2020, after the market closed, Bloomberg reported that the Securities and Exchange Commission (“SEC”) was examining the merits of the Hindenburg report.

On September 15, 2020, The Wall Street Journal reported that the U.S. Department of Justice joined the SEC in examining allegations that Nikola misled investors by making exaggerated claims about its technology. On that day, the price of Nikola stock fell $2.96 per share, or 8.3%, from its closing price of $35.79 on September 14, 2020 to close at $32.83 on September 15, 2020.

On Sunday, September 20, 2020, Nikola announced that defendant Milton had resigned as Chairman of the Company. Following this news, the price of Nikola stock fell another $6.61 per share, or 19.3%, from its closing price of $34.19 on September 18, 2020, to close at $27.58 on September 21, 2020.

About Lieff Cabraser

Lieff Cabraser Heimann & Bernstein, LLP, with offices in San Francisco, New York, and Nashville, is a nationally recognized law firm committed to advancing the rights of investors and promoting corporate responsibility.

The National Law Journal has recognized Lieff Cabraser as one of the nation’s top plaintiffs’ law firms for fourteen years. In compiling the list, the National Law Journal examines recent verdicts and settlements and looked for firms “representing the best qualities of the plaintiffs’ bar and that demonstrated unusual dedication and creativity.” Law360 has selected Lieff Cabraser as one of the Top 50 law firms nationwide for litigation, highlighting our firm’s “laser focus” and noting that our firm routinely finds itself “facing off against some of the largest and strongest defense law firms in the world.” Benchmark Litigation has named Lieff Cabraser one of the “Top 10 Plaintiffs’ Firms in America.”

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