NYSE: NGA, LEV

Northern Genesis Acquisition Corp. n/k/a The Lion Electric Company

Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of those who held common stock of Northern Genesis Acquisition Corp. n/k/a The Lion Electric Company (NYSE: NGA, LEV) as of the record date of March 18, 2021, to vote on Northern Genesis’s merger with the then-private The Lion Electric Company, and were harmed by defendants’ conduct. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 10, 2024.

If you held common stock of Northern Genesis Acquisition Corp. on the merger record date of March 18, 2021 and would like to join the action, please click “Join This Class Action.”

Class Period:who held common stock as of the record date of March 18, 2021, for Northern Genesis's merger with the then-private The Lion Electric Company.

Deadline:

55 Days
If you purchased Northern Genesis common stock 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:

  • used materially deceptive “risk factor” statements to withhold the truth about problems facing the then-private The Lion Electric Company (“Legacy Lion Electric”), including supply chain problems with its suppliers and sub-suppliers;
  • misled Northern Genesis Acquisition Corp.’s (“NGA”) stockholders about Legacy Lion Electric’s prospects using grossly unrealistic financial projections; and
  • failed to provide NGA stockholders with the “net cash” value of their shares – the key disclosure about the fundamental purchasing power their NGA shares represented.

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: Northern Genesis Acquisition Corp. n/k/a The Lion Electric Company
Stock Symbol: NGA, LEV
Class Period: who held common stock as of the record date of March 18, 2021 for the merger with the then-private The Lion Electric Company.
Court: United States District Court for the Southern District of New York

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