NASDAQ: EMBK, EMBKW, NGAB, NGAB.U, NGAB.WS

Embark Technology, Inc. f/k/a Northern Genesis Acquisition Corp. II

Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Embark Technology, Inc. f/k/a Northern Genesis Acquisition Corp. II (NASDAQ: EMBK, EMBKW, NGAB, NGAB.U, NGAB.WS) between January 12, 2021 and January 5, 2022, inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 31, 2022.

If you purchased Embark securities between January 12, 2021 and January 5, 2022 and would like to join the action, please click “Join This Class Action.”

Class Period:January 12, 2021 through January 5, 2022
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If you purchased Embark securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of the case:

According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that:

  • the Company had performed inadequate due diligence into Embark Trucks Inc. (“Legacy Embark”);
  • Legacy Embark and the Company following the November 2021 merger of Legacy Embark and Northern Genesis Acquisition Corp. II (the “Business Combination”) held no patents and an insignificant amount of test trucks;
  • accordingly, the Company had overstated its operational and technological capabilities;
  • as a result of all the foregoing, the Company had overstated the business and financial prospects of the Company post-Business Combination; and
  • as a result, the Company’s public statements were materially false and misleading at all relevant times.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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Company Name: Embark Technology, Inc. f/k/a Northern Genesis Acquisition Corp. II
Stock Symbol: EMBK
Class Period: January 12, 2021 through January 5, 2022
Court: United States District Court for the Northern District of California
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Why Rosen Law

The Rosen Law Firm has been ranked among the top 4 law firms each year since 2013 for the number of successful securities class actions on behalf of investors. In 2019 alone, our firm recovered $438 million for investors.

Investors should carefully identify and select experienced counsel with a track record of success leading securities class actions. Often other firms issue press releases about class actions yet do not have comparable experience or resources.

Institutional Shareholders Services ranked the Rosen Law Firm # 1 for the number of securities class action recoveries in 2017.

The Rosen Law Firm represents investors throughout the globe. Our mission is to prosecute securities fraud class actions and protect shareholders’ rights.

Case Attorneys

Phillip Kim

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