San Diego, CA -- (SBWIRE) -- 10/24/2022 -- The Shareholders Foundation announced that a deadline is coming up on October 25, 2022 in the lawsuit filed for certain investors of NIO Inc. (NYSE: NIO).

Investors who purchased shares of NIO Inc. (NYSE: NIO) have certain options and there are strict and short deadlines running. Deadline: October 25, 2022. NYSE: NIO stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The plaintiff alleges on behalf of purchasers of NIO Inc. (NYSE: NIO) common shares between March 1, 2021 and July 11, 2022, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between March 1, 2021 and July 11, 2022, the Defendants failed to disclose to investors that NIO pulled forward revenue by selling batteries to a related party, which owned the batteries and managed users' subscriptions, that, through the related party, NIO also recognized enormous depreciation savings, that, as a result of the foregoing, the Company's revenue and net loss were overstated, and that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Those who purchased shares of NIO Inc. (NYSE: NIO) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.