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9th Circ. Tells Court To Redo Lead Plaintiff In Nikola Stock Suit
Law360 (July 26, 2021, 9:15 PM EDT) The Ninth Circuit has found that a district court skirted the lead plaintiff selection process under the Private Securities Litigation Reform Act in denying a bid by three petitioners to serve as group lead plaintiff in a consolidated shareholder suit against electric truck maker Nikola Corp.
The federal appeals court found in Friday s opinion that the U.S. District Court of Arizona improperly denied a lead plaintiff bid from George Mersho, Vincent Chau and Stanley Karczynski a trio known as Nikola Investor Group II. The lower court had instead granted a lead plaintiff bid from individual investor Angelo Baio in a. ....

United States , Stanley Karczynski , Angelo Baio , Vincent Chau , George Mersho , Nikola Corp , Nikola Investor Group , Us District Court , Ninth Circuit , Private Securities Litigation Reform Act , ஒன்றுபட்டது மாநிலங்களில் , ஏஞ்சலோ பயோ , வின்சென்ட் ச U , நிகோலா கார்ப் , எங்களுக்கு மாவட்டம் நீதிமன்றம் , ஒன்பதாவது சுற்று , ப்ரைவேட் பத்திரங்கள் வழக்கு சீர்திருத்தம் நாடகம் ,