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Hardy v. Embark Technology, Inc. f/k/a Northern Genesis Acquisition Corp. II et al
Case Number:
3:22-cv-02090
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
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May 18, 2023
Investors Ink $2.5M Deal With Troubled Autonomous Truck Co.
Investors in self-driving truck company Embark Technology Inc. have asked a California federal judge to give an initial green light to a $2.5 million deal resolving claims Embark hurt them by miscategorizing certain shares as it prepared for a 2021 merger with a blank-check company, noting they reached the deal amid the "very high risk" that Embark might dissolve or seek bankruptcy protection.
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October 25, 2022
Self-Driving Car Software Co. Wants Investor Suit Nixed
Embark Technology Inc., a self-driving software company for the trucking industry, urged a California federal judge on Tuesday to nix a securities class action brought by shareholders who say the company wrongly categorized redeemable common stocks in financial statements ahead of its merger with two other companies, causing a restatement of those financial statements and damages to investors.
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August 26, 2022
Self-Driving Software Co. Misclassified Shares, Investors Say
Embark Technology Inc., a self-driving software company for the trucking industry, was hit with a securities class action by shareholders who claim the company wrongly categorized redeemable common stocks in financial statements ahead of its merger with two other companies, causing a restatement of those financial statements and damages to investors.