#United States #Class Action #Phoenix #Securities Laws #Nikola Corporation

Class Action Certification for Nikola Corporation Securities Purchasers

On December 24, 2025, Block & Leviton LLP in partnership with Pomerantz LLP confirmed that the United States District Court for the District of Arizona has approved a significant step forward for investors in Nikola Corporation. This certification benefits those who acquired Nikola Corporation securities during a specified timeframe, specifically from June 4, 2020, to February 25, 2021.

This class action stems from allegations that Nikola, alongside several former executives, knowingly breached federal securities laws. The claims involve assertions that Nikola made misleading statements and omitted essential information, potentially violating Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. However, it is important to note that the defendants in this case categorically deny these allegations and assert that they have acted within the bounds of the law throughout the periods under scrutiny.

Impact on Class Members

Individuals and entities who purchased Nikola securities during the defined class period are encompassed within this action, suggesting that they might have been adversely affected by the alleged misrepresentations made by Nikola's leadership. Current and potential claimants are being alerted through a Postcard Notice, which delineates their rights and offers additional details about the class action proceedings.

The essence of this case revolves around the justification for a collective claim, advocating for the financial recovery of shareholders who may have suffered losses attributable to misleading information propagated by Nikola Corporation. As each individual in this class weighs their options, it's pertinent to retain proof of transaction records and securities holdings to ensure their rights are protected.

Next Steps for Affected Individuals

Members of the class do not need to take immediate action if they wish to remain participants; retaining documentation is sufficient for the time being. However, if any individual chooses to exclude themselves, they must submit a formal written request to the Notice Administrator by February 23, 2026. This exclusion will mean they forfeit the opportunity to receive any share of potential financial recoveries for the class but they will also not be bound by court judgments.

A detailed overview of the claims and the class action can be accessed online at Strategic Claims. Additionally, inquiries can be addressed to the Notice Administrator or class counsel if further clarification is required.

This case stands as a pivotal moment for shareholders of Nikola Corporation, establishing the legal framework for accountability and transparency, which remains crucial in maintaining investor confidence in the ever-evolving landscape of securities and corporate governance. As the legal proceedings unfold, all members of the class must stay informed and vigilant regarding their rights and options.

Ultimately, this class action is more than just a legal battle; it's a testament to the importance of integrity and responsibility within corporate practices, emphasizing that all investors deserve transparency in their dealings and protections against misleading information. Investors are encouraged to remain proactive and informed as this important case progresses through the court system.