![]() The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. On this news, the Company's shares fell $2.03, or 8.9% to close at $20.57 per share on July 11, 2022, on unusually heavy trading volume. Then, on July 11, 2022, NIO announced that it formed a special committee to oversee an investigation into the allegations in the Grizzly Research report. On this news, the Company's American Depositary Shares ("ADSs" or "shares") fell $0.59, or 2.5%, to close at $22.36 per share on June 28, 2022, on unusually heavy trading volume. On June 28, 2022, Grizzly Research published a report alleging, among other things, that NIO inflated its net income by about 95% through sales to a related party, Wuhan Weineng Battery Asset Co. Lead Plaintiff Deadline: October 24, 2022 Additional information about each case can be found at the link provided. Stockholders have until the deadlines below to petition the court to serve as lead plaintiff. Its products for appendage management include AtriClip System and LARIAT System.ĮQNX::TICKER_START (NYSE:NIO),(NASDAQ:BBBY),(NYSE:DDL),(NASDAQ:SFIX), EQNX::TICKER_END Bragar Eagel
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