Securities fraud litigation history and active cases
Active Cases
0
Pending Settlement
1
Closed
0
Total Settlement
$2.5M
Embark Technology, Inc. (EMBK) Class Action Lawsuit (April 2022)Pending Settlement
3:22cv2090 • April 1, 2022
Class Period Start
October 6, 2021
Class Period End
November 23, 2021
PSLRA Deadline
May 31, 2022
Case Allegations
10b5 + Sec11
10b-5 Statutes of Repose
Oct 6, 2024
Sec11 Statutes of Repose
Oct 18, 2024
Country
United States
Court
Federal Court
Settlement Information
Please note that for cases in the settlement stage, claims are handled by the claims administrator and NOT Levi & Korsinsky. Any information or documentation previously provided to us does not constitute submission of a claim. If you need to file a claim, check the status of a claim, or have questions regarding distribution of settlement funds, please contact the claims administrator below.
Claim Deadline
December 22, 2023
Settlement Fund
$2,500,000
Settlement Status
Final Approval
Settlement Class
All persons or entities that (i) purchased or otherwise acquired Embark common stock pursuant or traceable to the July 2, 2021 registration statement, including all amendments thereto, issued in connection with the Business Combination between Northern Genesis and the privately held Embark Trucks Inc. (“Legacy Embark”) completed on or about November 10, 2021 (the “Business Combination”) and were damaged; and/or (ii) beneficially owned and/or held Northern Genesis common stock as of October 6, 2021, the record date, and were eligible to vote at Northern Genesis’ November 9, 2021.
Claim Administrator
Strategic Claims Services
Embark Securities Litigation
c/o Strategic Claims Services
P.O. Box 230
600 N. Jackson Street, Suite 205
Media, PA 19063
+1 866-274-4004
[email protected]
Settlement Website
https://www.strategicclaims.net/embark/Hearing Date
March 14, 2024
Opt-out Deadline
December 22, 2023
Settlement Note
Download hereProof Of Claim
Download here
Docket History
Mar 29, 2024
Final Approval of Settlement
Sep 26, 2023
Sep 26, 2023
Preliminary Approval of Settlement
Sep 26, 2023
Proof of Claim Form
May 17, 2023
Proposed Settlement
Oct 24, 2022
Motion to Dismiss
Aug 25, 2022
First Amended Complaint
Jul 18, 2022
Scheduling Order
Jul 7, 2022
Appointment of Lead Plaintiff
Apr 1, 2022
First Filed Complaint
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