Embark Technology, Inc. (EMBK)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Embark Technology, Inc. (“Embark” or the “Company”) (NASDAQ: EMBK). Investors who purchased Embark shares are encouraged to obtain additional information and assist the investigation.
The investigation concerns whether Embark and certain of its officers and/or directors have violated federal securities laws.
On January 6, 2022, The Bear Cave published a short report entitled “Problems at Embark Technology (EMBK”) (the “Bear Cave Report”). The Bear Cave Report alleged, among other issues, “that Embark appears to lack true economic substance” and that its “current evaluation appears to be based on puffery rather than actual substance”, noting that “[t]he company holds no patents, has only a dozen or so test trucks, and may be more bark than bite.” On this news, Embark’s stock price fell $1.37 per share, or 16.75%, to close at $6.81 per share on January 6, 2022.
If you are aware of any facts relating to this investigation or purchased Embark shares, you can assist this investigation. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.