The Gross Law Firm Announces Class Actions on Behalf of Shareholders of NKLA, GOCO and TCMD
NEW YORK, NY / ACCESSWIRE / Oct 9, 2020 / The Gross Law Firm's securities dispute law firm is releasing the following notice on behalf of the shareholders of the following publicly traded companies. Shareholders who have purchased shares in the following companies on the dates indicated are encouraged to contact the company regarding a possible appointment of the lead plaintiff. The appointment as lead plaintiff is not required to participate in a recovery.
Nikola Corporation, f / k / a VectoIQ Acquisition Corp. (NASDAQ: NKLA)
Affected Investors: March 3, 2020 - September 15, 2020
A class action lawsuit has been initiated on behalf of certain shareholders of Nikola Corporation, f / k / a VectoIQ Acquisition Corp. The complaint filed alleges that Defendants made materially false and / or misleading statements and / or failed to disclose that: (1) VectoIQ failed to perform proper due diligence in relation to the merger with Nikola; (2) Nikola overestimated his "in-house" design, manufacturing, and testing skills. (3) Nikola overestimated its hydrogen production capabilities; (4) As a result, Nikola has overestimated its ability to reduce the cost of hydrogen fuel. (5) Nikola founder and chairman of the board, Trevor Milton, tweeted a misleading "test" video of the company's Nikola Two truck. (6) The work experience and backgrounds of Nikola's key employees, including Mr. Milton, were overrated and obscured. (7) Nikola had not completed five Tre trucks; and (8) as a result, the defendants' public statements at all relevant times have been materially false and / or misleading.
Shareholders can find more information at https://securitiesclasslaw.com/securities/nikola-corporation-f-k-a-vectoiq-acquisition-corp-loss-submission-form/?id=9958&from=1
GoHealth, Inc. (NASDAQ: GOCO)
The GoHealth lawsuit is traceable and / or traceable on behalf of all buyers of GoHealth Class A common stock as per the registration statement issued in connection with GoHealth's IPO in July 2020.
A class action lawsuit has been initiated on behalf of certain GoHealth, Inc. shareholders. The complaint filed alleges that the defendants made materially false and / or misleading statements and / or failed to disclose that: (i) the Medicare insurance industry has experienced an increased phase of churn that began in the first half of 2020; (ii) GoHealth has suffered a higher risk of customer churn due to its unique business model and limited carrier base. (iii) GoHealth suffered from deterioration in customer longevity and loyalty as a result of increased industry churn, vulnerabilities resulting from the company's concentrated carrier business model, and GoHealth's efforts to expand into new regions, new carrier Develop partnerships and worsen the product mix. (iv) GoHealth had much more unfavorable revenue sharing arrangements with its external sales representatives. and (v) these adverse financial and operational trends were internally forecast by GoHealth to continue and deteriorate after the IPO.
Shareholders can find more information at https://securitiesclasslaw.com/securities/gohealth-inc-loss-submission-form/?id=9958&from=1
Tactile Systems Technology, Inc. (NASDAQ: TCMD)
Affected Investors: May 7, 2018 - June 8, 2020
A class action lawsuit has been initiated on behalf of certain shareholders of Tactile Systems Technology, Inc. The complaint filed alleges that the defendants made materially false and / or misleading statements and / or failed to disclose: (1) while Tactile publicly announced more than $ 4 billion or more than $ 5 billion in market opportunity; in truth, the overall addressable market for Tactile pneumatic compression devices was much smaller; (2) in order to induce sales growth and stock gains, Tactile and / or its employees have engaged in illegal and illegal sales and marketing activities in violation of applicable federal and state regulations and public payers regulations; (3) The foregoing illegal and illicit sales and marketing activities increased the risk of a Medicare review of Tactile's claims and criminal and civil liability. (4) Tactile's revenues were partly the product of illegal behavior and therefore unsustainable. and that as a result of the foregoing (5) Defendants' public statements, including Tactile's year-over-year revenue growth, alleged growth drivers, and the effectiveness of Tactile's internal controls over financial reporting, were materially false and misleading at all times.
Shareholders can find more information at https://securitiesclasslaw.com/securities/tactile-systems-technology-inc-loss-submission-form/?id=9958&from=1
The Gross Law Firm works to ensure that companies adhere to responsible business practices and advocate good corporate citizenship. The company seeks recovery on behalf of investors who have suffered losses when false and / or misleading disclosure or the omission of material information by a company has resulted in artificial inflation of the company's shares. Lawyer advertising. Previous results do not guarantee similar results.
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Phone: (212) 537-9430
Fax: (833) 862-7770
SOURCE: The Gross Law Firm
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