Energy News / Shareholders Foundation, Inc.

NYSE:NIO Investor Alert: Deadline on May 13, 2019 in Lawsuit Against NIO Inc. Upcoming

Via: ReleaseWire

Updated 12:00 PM CDT, Mon, May 13,2019

A Deadline is coming up on May 13, 2019 in the lawsuit for certain investors in NIO Inc. and NYSE: NIO stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWIRE) -- 05/13/2019 -- The Shareholders Foundation announces that a deadline is coming up on May 13, 2019 in the lawsuit filed for certain investors of NIO Inc. (NYSE: NIO) over alleged securities laws violations by NIO Inc. (NYSE: NIO).

Investors who purchased shares of NIO Inc. (NYSE: NI) have certain options and there are strict and short deadlines running. Deadline: May 13, 2019. NYSE: NIO stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint filed in the U.S. District Court for the Eastern District of New York the plaintiff alleges on behalf of purchasers of NIO Inc. (NYSE: NIO) common shares between September 12, 2018 and March 5, 2019, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between September 12, 2018 and March 5, 2019, the defendants made false and/or misleading statements and/or failed to disclose that NIO would not be building its own manufacturing plant and would instead continue to rely on a little-known Chinese state-owned auto manufacturer, JAC Auto, to manufacture its electric vehicles, that reductions in government subsidies for electric cars would materially impact NIO's sales, and that as a result, defendants' statements about NIO's business, operations, and prospects were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

Those who purchased shares of NIO Inc. (NYSE: NIO) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

For more information on this press release visit:
http://www.sbwire.com/press-releases/nysenio-investor-alert-deadline-on-may-13-2019-in-lawsuit-against-nio-inc-upcoming-1215916.htm

Media Relations Contact
Michael Daniels
1-858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com