MONTEVERDE & ASSOCIATES PC HAS FILED A CLASS ACTION LAWSUIT ON BEHALF OF FORMER SHAREHOLDERS OF NORTHERN GENESIS ACQUISITION CORPORATION IN THE SOUTHERN DISTRICT OF NEW YORK

NEW YORK, April 11, 2024 /PRNewswire/ -- Monteverde & Associates PC announces that a federal securities class action has been filed in the United States District Court for the Southern District of New York, on behalf of former public common shareholders of Northern Genesis Acquisition Corporation ("NGA" or the "Company") who held NGA securities as of March 18, 2021 and were harmed by alleged violations of Sections 10(b), 14(a), and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act") in connection with the 2021 de-SPAC transaction ("Merger") between NGA and The Lion Electric Company ("Lion Electric") (the "Federal Class Action"). The claims in the Federal Class Action are asserted against NGA, NGA's directors and officers, Lion Electric, and certain directors and officers of Lion Electric.

Under the terms of the Merger, 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.

Mr. Juan Monteverde is available to personally discuss this case with you, and if you wish to serve as lead plaintiff, you must seek lead appointment in the Federal Class Action no later than June 10, 2024. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice or may choose to do nothing and remain an absent class member.

Click here for more information: https://monteverdelaw.com/case/northern-genesis-acquisition-corporation/. It is free and there is no cost or obligation to you.

At Monteverde & Associates PC, our firm litigates cases and has recovered money for shareholders… and we do it from our offices in the Empire State Building. We are a national class action securities firm with a successful track record in trial and appellate courts, including the U.S. Supreme Court. 

No company, director or officer is above the law. If you owned common stock in Northern Genesis Acquisition Corporation and wish to seek lead appointment or to obtain additional information free of charge, please visit our website or contact Juan Monteverde, Esq. either via e-mail at [email protected] or by telephone at (212) 971-1341.

Contact:
Juan Monteverde, Esq.
MONTEVERDE & ASSOCIATES PC
The Empire State Building
350 Fifth Ave. Suite 4740
New York, NY 10118
United States of America
[email protected]
Tel: (212) 971-1341

Attorney Advertising. (C) 2024 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com). Prior results do not guarantee a similar outcome with respect to any future matter.

SOURCE Monteverde & Associates PC

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