ACCESSWIRE
03 Aug 2022, 02:13 GMT+10
NEW YORK, NY / ACCESSWIRE / August 2, 2022 / Labaton Sucharow, a nationally ranked and award-winning shareholder rights law firm, announces that it is investigating NIO Inc. ('NIO' or the 'Company') (NYSE:NIO) for potential violations of the federal securities laws.
On Monday, July 11, 2022, NIO announced that following its previous statement in response to the allegations made in a report issued by the short-seller firm Grizzly Research LLC on June 28, 2022 (the 'Short Seller Report'), the Company's board of directors (the 'Board'), including the audit committee of the Board, after having reviewed the allegations, has decided to form an independent committee (the 'Independent Committee') to oversee an independent investigation regarding the allegations made in the Short Seller Report (the 'Independent Investigation').
If you currently own stock or options in NIO Inc. and suffered a loss, click here to participate.
If you want to receive additional information and protect your investments free of charge, please contact David J. Schwartz using the toll-free number (800) 321-0476 or via email at david@labaton.com.
About the Firm
Labaton Sucharow LLP is one of the world's leading complex litigation firms representing clients in securities, corporate governance and shareholder rights, consumer, and cybersecurity and data privacy litigation, as well as whistleblower representation. Labaton Sucharow has been recognized for its excellence by the courts and peers, and it is consistently ranked in leading industry publications. Offices are located in New York, NY, Wilmington, DE, and Washington, D.C. More information about Labaton Sucharow is available at labaton.com.
Contacts:
David J. Schwartz
(800) 321-0476
david@labaton.com
SOURCE: Labaton Sucharow LLP
Get a daily dose of Illinois Intelligencer news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Illinois Intelligencer.
More InformationAs Russian forces advanced in Ukraine's eastern Donbas region, volunteers raced against time under deadly fire to convince the last ...
Bangkok - Vast oil and gas profits continue flowing to, and propping up, Myanmar's military junta a year and a ...
SYDNEY - Australian and other scientists are warning that runaway climate change could melt the East Antarctic Ice Sheet, causing ...
havana - A deadly fire that consumed at least half of a large oil storage facility in western Cuba and ...
Washington [US], August 11 (ANI): While all other 14 members of the United Nations Security Council (UNSC) on Wednesday agreed ...
It was a loss that made the biggest news at the National Bank Open in Toronto on Wednesday as Serena ...
WASHINGTON D.C.: The U.S. will participate in a joint military exercise in mid-October with India, less than 62 miles from ...
SEOUL, South Korea: South Korea has launched a domestically manufactured lunar orbiter that took off from Florida's Cape Canaveral Space ...
MOSCOW, Russia: A leading Russian scientist in the field of hypersonic flight, Dr. Alexander Shiplyuk, has been arrested on suspicion ...
LOS ANGELES, California: During a meeting that was disrupted by protesters this week, the Los Angeles City Council voted to ...
WASHINGTON D.C.: The U.S. Justice Department announced this week that former Puerto Rico governor Wanda Vazquez has been arrested in ...
OTTAWA, Ontario: Military trainers from Canada will head to the United Kingdom to teach Ukrainians new techniques for fighting the ...