Nikola Investor Sues After Short-Seller Claims Sink Shares
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A Nikola Corp. investor sued the electric vehicle maker, its chairman and two executives over an 11% share price drop that followed a Sept. 10 short-seller’s report.
Arab Salem seeks to represent all other shareholders that bought Nikola stock from June 4 to Sept. 9, according to a complaint filed Wednesday in Brooklyn federal court. He accused the company and the executives of making false and misleading statements about Nikola’s operations.