Hardy v. Embark Technology, Inc. f/k/a Northern Genesis Acquisition Corp. II et al

Track this case

Case Number:

3:22-cv-02090

Court:

California Northern

Nature of Suit:

Securities/Commodities

Multi Party Litigation:

Class Action

Judge:

Jacqueline Scott Corley

Firms

  1. 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.

  2. 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.

  3. 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.