Glancy Prongay & Murray LLP, a Essential Securities Fraud Regulation Company, Publicizes Investigation of NIO Inc. (NIO) on Behalf of Patrons

LOS ANGELES–(BUSINESS WIRE)–Glancy Prongay & Murray LLP (“GPM”), a primary nationwide shareholder rights regulation company, instantly launched that it has commenced and investigation on behalf of NIO Inc. (“NIO” or the “Agency”) (NYSE: NIO) patrons concerning the Agency’s potential violations of the federal securities authorized pointers.

If you happen to occur to suffered a loss in your NIO investments or wish to inquire about in all probability pursuing claims to recuperate your loss beneath the federal securities authorized pointers, you probably can submit your contact information at You may even contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or by way of e-mail at [email protected] to be taught further about your rights.

On June 28, 2022, Grizzly Evaluation revealed a report alleging that NIO was using an unconsolidated related celebration, Wuhan Weineng Battery Asset Co., to inflate NIO’s revenue and revenue.

Then, on July 11, 2022, NIO disclosed that, after reviewing the Grizzly Evaluation report, it had decided to variety a committee to oversee an investigation regarding the allegations. The Agency moreover disclosed that the committee retained neutral advisors to assist the investigation, along with a worldwide regulation company and a forensic accounting company.

On this info, NIO’s share price fell $2.03, or 9%, to close at $20.57 per share on July 11, 2022, thereby injuring patrons.

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Whistleblower Uncover: People with private information regarding NIO ought to consider their selections to help the investigation or reap the advantages of the SEC Whistleblower Program. Beneath this technique, whistleblowers who current genuine information would possibly receive rewards totaling as a lot as 30 % of any worthwhile restoration made by the SEC. For further information, title Charles H. Linehan at 310-201-9150 or 888-773-9224 or e-mail [email protected].

About GPM

Glancy Prongay & Murray LLP is a premier regulation company representing patrons and clients in securities litigation and totally different superior class movement litigation. ISS Securities Class Movement Firms has persistently ranked GPM in its annual SCAS Prime 50 Report. In 2018, GPM was ranked a excessive 5 regulation company in number of securities class movement settlements, and a excessive six regulation company for entire dollar dimension of settlements. With 4 locations of labor all through the nation, GPM’s virtually 40 attorneys have gained groundbreaking rulings and recovered billions of {{dollars}} for patrons and clients in securities, antitrust, shopper, and employment class actions. GPM’s authorized professionals have handled situations defending a big spectrum of firm misconduct along with situations involving financial restatements, inside administration weaknesses, earnings administration, fraudulent earnings guidance and forward-looking statements, auditor misconduct, insider shopping for and promoting, violations of FDA guidelines, actions resulting in FDA and DOJ investigations, and plenty of several types of firm misconduct. GPM’s attorneys have labored on securities situations referring to virtually all industries and sectors throughout the financial markets, along with energy, shopper discretionary, shopper staples, precise property and REITs, financial, insurance coverage protection, information know-how, effectively being care, biotech, cryptocurrency, medical models, and plenty of further. GPM’s earlier successes have been extensively coated by predominant info and enterprise publications equal to The Wall Highway Journal, The Financial Events, Bloomberg Businessweek, Reutersthe Associated Press, Barron’s, Investor’s Enterprise Each day, Forbesand Money.

This press launch may be considered Authorized skilled Selling in some jurisdictions beneath the related regulation and ethical pointers.

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