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Zhang Investor Law announces the filing of a class action lawsuit on behalf of shareholders who bought shares of NIO Inc. (NYSE: NIO) from September 12, 2018 through March 5, 2019, inclusive (the “Class Period”). The lawsuit seeks to recover damages for NIO investors under the federal securities laws.
If you bought NIO securities during the Class Period and would like an opportunity to recover your losses, please click “Join This Class Action,” above.
SHAREHOLDER ALERT: Zhang Investor Law Announces the Filing of a Securities Class Action Lawsuit Against NIO Inc. – NIO
New York, N.Y., March 14, 2019. Zhang Investor Law announces the filing of a class action lawsuit on behalf of shareholders who bought shares of NIO Inc. (NYSE: NIO) from September 12, 2018 through March 5, 2019, inclusive (the “Class Period”). The lawsuit seeks to recover damages for NIO investors under the federal securities laws.
To join the NIO class action, go to http://zhanginvestorlaw.com/cases/nio-inc/ or call Sophie Zhang, Esq. toll-free at 800-991-3756 or email firstname.lastname@example.org for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT.
According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that: (1) NIO would not be building its own manufacturing plant and would instead continue to rely on a little-known Chinese state-owned auto manufacturer, JAC Auto, to manufacture its electric vehicles; (2) reductions in government subsidies for electric cars would materially impact NIO’s sales; and (3) as a result, defendants’ statements about NIO’s business, operations, and prospects were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 13, 2019. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://zhanginvestorlaw.com/cases/nio-inc/ or to discuss your rights or interests regarding this class action, please contact Sophie Zhang of Zhang Investor Law toll free at 800-991-3756 or via email at email@example.com.
Zhang Investor Law represents investors worldwide.