NEW YORK, Sept. 26, 2022 (GLOBE NEWSWIRE) — Gainey McKenna & Egleston announces it is investigating the officers and directors of Embark Technologies, Inc. (“Embark” or the “Company”). EMBK EMBKW NGAB NGAB NGAB for possible breaches of fiduciary duty, squandering of company assets and unjust enrichment between January 12, 2021 and January 5, 2022.

A securities class action is pending in the United States District Court for the Northern District of California (the “Securities Class Action”). The complaint in the securities class action alleges that the defendants made false and/or misleading statements and/or failed to disclose the following: (1) Embark had performed insufficient due diligence on Embark Trucks Inc. (“Legacy Embark”); (2) Legacy Embark and the Company, following the merger of Legacy Embark and Northern Genesis Acquisition Corp. II (the “Business Combination”) in November 2021, no patents and an insignificant number of test vehicles; (3) Accordingly, Embark had overstated its operational and technological capabilities; (4) As a result of the foregoing, Embark had overstated the business and financial prospects of the company post the business combination; and (5) as a result, Defendants’ public statements were materially false and misleading at all relevant times. As the true details emerged, the lawsuit alleges that investors suffered damage.

If you would like to discuss your rights or interests, please contact Thomas J. McKenna, Esq. or Gregory M. Egleston, Esq. by Gainey McKenna & Egleston at (212) 983-1300 or by email at [email protected] or [email protected].

Please visit our website at http://www.gme-law.com for more information about the company.