Pomerantz Appointed Co-Lead Counsel in Nikola Corporation Securities Litigation

On November 18, 2021, U.S. District Judge Steven P. Logan of the District of Arizona appointed Pomerantz LLP as Co-Lead Counsel on behalf of Vincent Chau, Stanley Karcynski, and George Mersho, the Lead Plaintiffs in Borteanu v. Nikola Corporation, 20-cv-1797 (D. Ariz.), a securities action brought on behalf of a class of defrauded investors concerning allegations that Nikola Corporation had made false and misleading statements regarding its business operations, financial growth prospects and the viability of its fuel cell technology. Nikola manufactures commercial electric vehicles and energy solutions, providing battery…