CLASS ACTION ALERT: The Law Offices of Vincent Wong Remind NIO Investors of a Lead Plaintiff Deadline of October 24, 2022
NEW YORK, Oct. 3, 2022 /PRNewswire/ -- Attention NIO Inc. ("NIO") (NYSE: NIO) shareholders:
The Law Offices of Vincent Wong announce that a class action lawsuit has commenced on behalf of investors who purchased between August 20, 2020 and July 11, 2022.
If you suffered a loss on your investment in NIO, contact us about potential recovery by using the link below. There is no cost or obligation to you.
https://www.wongesq.com/pslra-1/nio-inc-lawsuit-loss-submission-form?prid=32277&wire=4
ABOUT THE ACTION: The class action against NIO includes allegations that the Company made materially false and/or misleading statements and/or failed to disclose that: (1) NIO pulled forward revenue by selling batteries to a related party, which owned the batteries and managed users' subscriptions; (2) through the related party, NIO also recognized enormous depreciation savings; (3) as a result of the foregoing, the Company's revenue and net loss were overstated; 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 a reasonable basis.
DEADLINE: October 24, 2022
Aggrieved NIO investors only have until October 24, 2022 to request that the Court appoint you as lead plaintiff. You are not required to act as a lead plaintiff in order to share in any recovery.
Vincent Wong, Esq. is an experienced attorney who has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
E-Mail: [email protected]
SOURCE The Law Offices of Vincent Wong
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