Philadelphia, Pennsylvania--(Newsfile Corp. - February 7, 2022) - Kaskela Law LLC announces that it is investigating claims on behalf of Embark Technology, Inc. ("Embark") (NASDAQ: EMBK) investors.
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 (888) 715 - 1740, or by email (abell@kaskelalaw.com) or online at https://kaskelalaw.com/cases/embark-technology-inc/, for additional information about this investigation and their legal rights and options.
Kaskela Law LLC represents investors in securities fraud, corporate governance, and merger & acquisition litigation. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com. This notice may constitute attorney advertising in certain jurisdictions.
CONTACT:
D. Seamus Kaskela, Esq.
Adrienne Bell, Esq.
KASKELA LAW LLC
18 Campus Blvd., Suite 100
Newtown Square, PA 19073
(888) 715 - 1740
(484) 229 - 0750
www.kaskelalaw.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/113096
