Investigation Overview
Company
Security
NASDAQ: NKLA
Summary
An investigation on behalf of current long-term investors in shares of Nikola Corporation (NASDAQ: NKLA) was announced over potential breaches of fiduciary duties by certain officers and directors at Nikola Corporation.
The investigation by a law firm concerns whether certain Nikola Corporation directors breached their fiduciary duties and caused damage to the company and its shareholders.
Phoenix, AZ based Nikola Corporation operates as an integrated zero emissions transportation systems provider. Shares of Nikola Corporation (NASDAQ: NKLA) declined from $93.99 per share in June 2020 to as low as $29.00 per share in July 2020.
On September 8, 2020, Nikola Corporation (NASDAQ: NKLA) shares closed at $50.05 per share.