NEW YORK, September 7, 2022 /PRNewswire/ — The Gross Law Firm issues the following notice to shareholders of NIO Inc.
Shareholders who purchased shares of NIO during the stated class period are encouraged to contact the company regarding the possible appointment of a lead plaintiff. Appointment as lead plaintiff is not required to participate in any recovery.
CONTACT US HERE:
COURSE PERIOD: March 1, 2021 at July 11, 2022
ALLEGATIONS: The Complaint alleges that during the Class Period, Defendants made materially false and/or misleading statements and/or failed to disclose that: (1) NIO derived revenue by selling batteries to a related party, which owned batteries and managed user subscriptions; (2) through the related party, NIO also recognized huge depreciation savings; (3) as a result of the foregoing, the revenues and net loss of the Company have been overestimated; and (4) as a result of the foregoing, defendants’ positive statements about the Company’s business, operations and prospects were materially misleading and/or lacked reasonable basis.
DEADLINE: October 24, 2022 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/nio-inc-loss-submission-form/?id=31382&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you have registered as a shareholder who has purchased shares of NIO during the period stated above, you will be enrolled in portfolio tracking software to provide you with status updates throughout the cycle life of the business. The deadline to apply to be a principal applicant is October 24, 2022. There is no cost or obligation for you to participate in this deal.
WHY BRUT CABINET D’AVOCATS? Gross Law Firm is a nationally recognized law firm, and our mission is to protect the rights of all investors who have suffered as a result of deception, fraud, and illegal business practices. Gross Law Firm is committed to ensuring that businesses adhere to responsible business practices and engage in good corporate citizenship. The Company seeks redress on behalf of investors who have suffered losses when false and/or misleading statements or omission of material information by a company have caused artificial inflation of the company’s stock. Lawyer advertisement. Prior results do not guarantee similar results.
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