An investigation on behalf of current long term investors in NIO Inc. (NYSE: NIO) shares over possible breaches of fiduciary duty
An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of NIO Inc..
Investors who are current long term investors in NIO Inc. (NYSE: NIO) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm for current long term investors in NYSE: NIO stocks follows a lawsuit filed against NIO Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NIO Inc. (NYSE: NIO stocks, concerns whether certain NIO Inc. directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges that, the Defendants failed to disclose to investors that NIO pulled forward revenue by selling batteries to a related party, which owned the batteries and managed users’ subscriptions, that, through the related party, NIO also recognized enormous depreciation savings, that, as a result of the foregoing, the Company’s revenue and net loss were overstated, and that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Those who purchased shares of NIO Inc. (NYSE: NIO) have certain options and should contact the Shareholders Foundation.
Contact:
Christopher Clausen
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
This release was published on openPR.
