We have filed a federal securities class action lawsuit against Northern Genesis Acquisition Corporation (NGA) relating to its 2021 de-SPAC transaction with The Lion Electric Co. (“Lion”). Under the terms of the agreement, each share of NGA common stock was converted into one share of Lion Electric.
The Complaint alleges that the Proxy Statement filed by the Company with the U.S. Securities and Exchange Commission on March 24, 2021 provided NGA stockholders with materially misleading and incomplete information in violation of Sections 10(b), 14(a), and 20(a) of the Exchange Act. The Merger was completed on May 6, 2021.
If you wish to serve as lead plaintiff, you must seek lead appointment in the Federal Class Action no later than June 10, 2024 and can submit information by clicking below.
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