CLASS ACTION UPDATE for NIO, LTCH and OLO: Levi & Korsinsky, LLP

NEW YORK, NY / ACCESSWIRE / October 5, 2022 / Levi & Korsinsky, LLP announces that class action lawsuits have been filed on behalf of the shareholders of the following public companies. Shareholders interested in serving as lead plaintiffs have until the listed time limits to file a motion with the court. See the links provided for more details on the cases. There are no costs or obligations for you.

NIO shareholders click here: https://www.zlk.com/pslra-1/nio-inc-class-action-submission-form?prid=32423&wire=1
LTCH shareholders click here: https://www.zlk.com/pslra-1/latch-inc-lawsuit-loss-submission-form?prid=32423&wire=1
OLO shareholders click here: https://www.zlk.com/pslra-1/olo-inc-loss-submission-form?prid=32423&wire=1

* ADDITIONAL INFORMATION BELOW *

Levi & Korsinsky, LLP, Wednesday, October 5, 2022, press release image

NIO Inc. (NYSE:NIO)

NIO lawsuit on behalf of: Investors who bought from August 20, 2020 to July 11, 2022
Deadline for Lead Plaintiff : October 24, 2022
TO LEARN MORE VISIT: https://www.zlk.com/pslra-1/nio-inc-class-action-submission-form?prid=32423&wire=1

Pursuant to the Complaint, during the Class Period, NIO Inc. made materially false and/or misleading statements and/or failed to disclose the following: (1) NIO advanced revenue by selling batteries to a related party that owned the batteries and subscriptions managed user; (2) through the related party, NIO has also realized tremendous depreciation savings; (3) as a result of the foregoing, the Company’s earnings and net loss have been overstated; and (4) as a result of the foregoing, defendants’ positive statements about the Company’s business, operations and prospects were materially misleading and/or lacked any reasonable basis.

Latch, Inc. w/k/a TS Innovation Acquisitions Corp. (NASDAQ:LTCH)

LTCH lawsuit on behalf of: Investors who bought from May 13, 2021 to August 25, 2022
Deadline for Lead Plaintiff : October 31, 2022
TO LEARN MORE VISIT: https://www.zlk.com/pslra-1/latch-inc-lawsuit-loss-submission-form?prid=32423&wire=1

According to the complaint filed…

source_link https://www.digitaljournal.com/pr/class-action-update-for-nio-ltch-and-olo-levi-korsinsky-llp-reminds-investors-of-class-actions-on-behalf-of-shareholders