NEW YORK, Nov. 19, 2022 (GLOBE NEWSWIRE) —

Embarkation Technology, Inc. EMBK

Lifshitz Law PLLC announces that a class action lawsuit has been filed on behalf of Embark shareholders alleging that the defendants made materially false and/or misleading statements regarding the Company’s business, operations and compliance policies. In particular, Defendants have made false and/or misleading statements and/or failed to disclose that: (i) the Company failed to adequately due diligence in its business combination with Embark Trucks, Inc. (“Legacy Embark”); (ii) Legacy Embark and the post-merger company held no patents and an insignificant number of test vehicles; (iii) accordingly, the company had overstated its operational and technological capabilities; (iv) as a result of the foregoing, the Company had overstated the Company’s post-Combination business and financial prospects; and (v) as a result, the Company’s public statements were materially false and misleading at all relevant times.

If you are an Embark investor and would like additional information about our research, please fill out Information Request Form or contact Joshua Lifshitz, Esq. by phone at (516) 493-9780 or by email info@jlclasslaw.com.

Everbridge, Inc. EVBG

Lifshitz Law PLLC announces that a class action lawsuit has been filed on behalf of Everbridge shareholders alleging that the defendants deceived investors by: (i) failing to disclose that Everbridge had integration issues related to acquisitions; (ii) using the proceeds from these acquisitions to mask increasingly stagnant organic growth; and (iii) failure to disclose that the COVID pandemic had a material impact on the size of the deals Everbridge was able to generate, adversely impacting the Company’s revenue growth.

If you are an Everbridge investor and would like more information about our research, please fill out Information Request Form or contact