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Borteanu v. Nikola Corporation et al
Case Number:
2:20-cv-01797
Court:
Nature of Suit:
Other Statutes: Securities/Commodities
Multi Party Litigation:
Class Action
Judge:
Firms
- Akin Gump
- Baker McKenzie
- Beale Micheaels
- Bernstein Liebhard
- Block & Leviton
- Cahill Gordon
- DeConcini McDonald
- Entwistle & Cappucci
- Faruqi & Faruqi
- Gilbert Blilie
- Glancy Prongay
- Hatch Law Group
- Keller Rohrback
- Kessler Topaz
- Kirkland & Ellis
- Labaton Keller
- Lieff Cabraser
- Lowey Dannenberg
- Martin & Bonnett
- Osborn Maledon
- Paul Hastings
- Paul Weiss
- Pomerantz LLP
- Robbins Geller
- Rosen Law Firm PA
- Rusing Lopez
- Schall Law
- Schubert Jonckheer
- Snell & Wilmer
- Tiffany & Bosco
- Wallin Hester
- Wilenchik & Bartness
- Wolf Popper
- Zimmerman Reed
Companies
Sectors & Industries:
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January 06, 2025
Nikola Investors Win Class Cert. In Securities Fraud Litigation
An Arizona federal judge on Monday certified a class of investors accusing Nikola Corp. of inflating its stock price by exaggerating its ability to manufacture electric trucks, ruling that the shareholders have shown their case warrants the class treatment more than four years after they first sued.
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February 03, 2023
Electric Truck Co. Nikola, Ex-CEO Beat Investors' Fraud Suit
An Arizona federal judge has dumped consolidated shareholder claims that electric truck maker Nikola Corp. exaggerated its business prospects, saying investors haven't established that top executives schemed to artificially boost Nikola's stock price, but noted that Nikola's public disclosures could've been more carefully worded to caution investors.
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June 01, 2022
Del. Chancery Pauses Nikola Corp. Class Action
Electric truck company Nikola Corp. and its criminally charged former CEO convinced the Delaware Chancery Court on Wednesday to put a stockholder derivative suit on hold pending the resolution of related legal actions in New York and Arizona.
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April 11, 2022
Electric-Truck Maker Nikola Wants Investors' Fraud Suit Axed
Electric-truck maker Nikola Corp. asked an Arizona district court to dismantle consolidated shareholder suits alleging it overhyped the viability of its hydrogen fuel cell technology and business prospects, saying the investors have spun a fairytale to inflate their securities fraud claims.
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November 19, 2021
Pomerantz, Block & Leviton To Lead Nikola Investor Class
An Arizona federal judge has appointed Pomerantz LLP and Block & Leviton LLP to lead consolidated shareholder suits alleging electric-truck maker Nikola Corp. overhyped the viability of its hydrogen fuel cell technology and business prospects, after the Ninth Circuit vacated an earlier order picking Rosen Law Firm as lead class counsel.
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October 27, 2021
3 Common Tactics For Challenging SPAC Deals In Court
Special purpose acquisition company mergers remain a popular alternative path to going public, but there's been an increase in associated securities class actions, with shareholders making allegations over issues ranging from inadequate disclosure to outright fraud.
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December 16, 2020
Rosen Law Firm To Lead Consolidated Nikola Investor Suits
An Arizona federal judge appointed The Rosen Law Firm to lead consolidated shareholder suits alleging electric-truck maker Nikola Corp. overhyped the viability of its hydrogen fuel cell technology and business prospects, which set off a battle with a short-seller and federal investigations.
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September 16, 2020
Suit Says Electric-Truck Co. Nikola Misled Investors
Nikola Corp. was hit with a proposed class action in Arizona federal court on Tuesday alleging the electric-truck maker has overhyped the viability of its hydrogen fuel cell technology and business prospects, as Nikola grapples with accusations it misled investors and a possible federal investigation.