Cases & investigations

Cases & investigations

Embark Technology, Inc.

A shareholder class action lawsuit has been filed against Embark Technology, Inc. (NASDAQ: EMBK) f/k/a Northern Genesis Acquisition Corp. II (NYSE: NGAB) (“Embark” or the “Company”) on behalf of investors who purchased shares of the Company’s securities between January 12, 2021 and January 5, 2022, inclusive (the “Class Period”).

On January 6, 2022, research firm The Bear Cave released a critical report entitled “Problems at Embark Technology (EMBK).”  That report stated that “Embark appears to lack true economic substance,” and that the “company holds no patents, has only a dozen or so test trucks, and may be more bark than bite.”  Following the release of this report, shares of Embark’s common stock fell $1.37 per share, or nearly 17% in value, to close at $6.81 per share on January 6, 2022. 

Embark investors with financial losses in excess of $50,000 are encouraged to contact Kaskela Law LLC (Adrienne Bell, Esq.) at (484) 229 – 0750, or by completing the form on this page, for additional information about this investigation and their legal rights and options.

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