SHAREHOLDER ALERT: Kaskela Law LLC Announces Stockholder Investigation of Embark Technology, Inc. and Encourages Investors with Losses in Excess of $50,000 to Contact the Firm – EMBK
PHILADELPHIA, March 22, 2022 (GLOBE NEWSWIRE) — Investor protection law firm Kaskela Law LLC announces that it is investigating Embark Technology, Inc. (“Embark”) (NASDAQ: EMBK) on behalf of the company’s 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 (484) 229 – 0750, or by email at [email protected], 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
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