Bragar Eagel & Squire, PC investigates Lucid, Nuvei,
NEW YORK, January 11, 2022 (GLOBE NEWSWIRE) – Bragar Eagel & Squire, PC, a nationally recognized law firm, is investigating potential claims against Lucid Group, Inc. (NASDAQ: LCID), Nuvei Corporation (NASDAQ: NVEI), Tecnoglass Inc. (NASDAQ: TGLS) and Everbridge, Inc. (NASDAQ: EVBG). Our investigations focus on whether these companies have violated federal securities laws and / or engaged in other illegal business practices. Additional information on each case can be found at the link provided.
Lucid Group, Inc. (NASDAQ: LCID)
On December 6, 2021, Lucid disclosed in a document filed with the United States Securities and Exchange Commission (“SEC”) that “[o]n December 3, 2021, [Lucid] received a subpoena from [SEC] request production of certain documents related to an SEC investigation. While there is no assurance as to the scope or outcome of this case, the investigation appears to relate to the business combination between the Company (f / k / a Churchill Capital Corp. IV) and Atieva , Inc. and certain projections and statements. “
At this news, the Lucid stock price fell sharply during intraday trading on December 6, 2021.
For more information on the Lucid survey, visit: https://bespc.com/cases/LCID
Nuvei Corporation (NASDAQ: NVEI)
On December 8, 2021, Spruce Point Capital Management (“Spruce Point”) published a report on Short Sellers on Nuvei. Citing “a forensic financial and accounting review,” the Spruce Point report alleged that Nuvei “covered up a pattern of corporate failures, a lack of organic growth, and a network of relationships with individuals linked to major corporate programs. Ponzi and suspected fraudulent activity.[.]”
Following the release of the Spruce Point report, the Nuvei share price fell $ 39.38 or 40.45% percent, to close at $ 57.97 per share on December 8, 2021.
For more information on the Nuvei survey, please visit: https://bespc.com/cases/NVEI
Tecnoglass Inc. (NASDAQ: TGLS)
On December 9, 2021, Hindenburg Research released a report on Short Sellers on Tecnoglass, “Cocaine Cartel Connections, Undisclosed Family Deals, And Accounting Irregularities All In One Nasdaq SPAC.” Hindenburg Research has detailed a series of alarming red flags regarding Tecnoglass. Specifically, the report said: “Our multi-month investigation included the review of US and Colombian court records, title filings, company registrations, property registrations, export registrations and media reports going back decades. We have identified serious management red flags and numerous undisclosed related party transactions that call into question the company’s reported financial results. “
Following this news, the Tecnoglass share price fell by more than 40% in the morning trading of December 9, 2021.
For more information on the Tecnoglass survey, please visit: https://bespc.com/cases/TGLS
Everbridge, Inc. (NASDAQ: EVBG)
On December 9, 2021, after the market closed, Everbridge announced the resignation of CEO David Meredith. Bloomberg reported that analyst Stifel said: “[t]The timing and uncertainty surrounding the circumstances of Mr. Meredith’s departure, combined with advice from the company, introduces a high degree of uncertainty into the story ”and there are“ more questions than answers at this point ” .
In the wake of this news, Everbridge shares fell $ 52.37 per share, or more than 45%, to close at $ 63 per share on December 10, 2021.
For more information on the Everbridge investigation, visit: https://bespc.com/cases/EVBG
About Bragar Eagel & Squire, PC:
Bragar Eagel & Squire, PC is a nationally recognized law firm with offices in New York City, California and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivatives and other complex litigation in state and federal courts across the country. For more information about the company, please visit www.bespc.com. Lawyer advertising. Past results do not guarantee similar results.
Bragar Eagel & Squire, PC Brandon Walker, Esq. Alexandra B. Raymond, Esq. (212) 355-4648 [email protected] www.bespc.com