u/JuniorCharge4571

Lightning eMotors hit the public markets with the high-voltage promise of electrifying the commercial transportation sector. The Colorado-based company positioned itself as a leader in medium- and heavy-duty electric vehicles, ranging from delivery trucks to city transit buses.

The bull case rested on a supposedly "fast-growing and scalable" operation that was ready to dominate the green energy transition. Management attracted investors by claiming their aggressive financial projections were "backed by existing customer contracts" and "completely covered" by a robust backlog of purchase orders.

In its regulatory filings, the company acknowledged general market risks, such as potential volatility in the burgeoning EV sector. They also made standard mentions of the global supply chain, framing it as a manageable hurdle for their sophisticated logistics infrastructure.

However, the disclosure gap was wide; Lightning eMotors ($ZEV) failed to reveal that it was already grappling with debilitating operational deficiencies. While touting a "high degree of resilience," the company omitted the fact that its supply chain was actually crumbling under the weight of long-standing quality assurance issues.

The regulatory hammer fell just months after the company’s merger with GigCapital3 was finalized. In August 2021, the company was forced to announce dismal quarterly results that fell far below targets and took the drastic step of pulling its full-year guidance entirely.

The fallout was instantaneous, as the stock price plummeted nearly 17% in a single day to close at $8.00. This collapse wiped out millions in shareholder value, exposing the fact that the company’s previous financial positioning had been materially overstated.

Investors have since secured a $13.3 million class action settlement to resolve claims that the company and its executives misled the market (damaged investors can still submit a late claim).

The lawsuit specifically cited that Lightning eMotors issued false and misleading statements regarding its supply chain stability and its ability to meet the very financial forecasts used to lure in SPAC investors.

Did anyone else buy into the "resilient" supply chain narrative of $ZEV during the SPAC boom, only to see it evaporate weeks later?

The $ORGN saga is a masterclass in the "disclosure gap" between ESG hype and industrial reality. If you held shares in 2023, there’s a $9M settlement for all of us who invested back then, but the deadline is coming up fast.

Read the full breakdown of the rise, the fall, and the final payout by the link.

Mercury Systems just settled a class action lawsuit for $32.5M and the filing window closes on April 8.

The case covers investors who held shares between February 2021 and February 2024. The core allegation: Mercury repeatedly assured investors that its $1B+ acquisition spree was going smoothly and integrations were on track, while internally dealing with missed deadlines, margin pressure, and operational failures it wasn't disclosing.

When the truth came out across three separate guidance cuts in 2023–2024, the stock dropped over 60%.

Key dates:

• Class period: Feb 3, 2021 – Feb 6, 2024
• Claim deadline: April 8, 2026
• Settlement amount: $32,500,000

Filing is straightforward: https://11th.com/cases/mercury-systems-investor-suit

Posting this because these deadlines tend to fly under the radar and eligible investors end up missing out.

Before anything else: a settlement has been reached tied to Nikola’s collapse, and investors can already submit claims.

Now, here’s how it all unraveled:

Nikola Motors was supposed to be the future of zero-emissions trucking. At its peak, it hit a ~$30B valuation after going public via SPAC in 2020.

The pitch?

• Revolutionary hydrogen fuel tech
• Fully functional electric semi-trucks
• Billions in pre-orders

The reality? Not even close.

The $30B Illusion

Nikola marketed its flagship truck as fully operational. Slick videos showed it “in motion.”

Except… it wasn’t.
The truck was literally rolled downhill to fake functionality.

Other issues:

• “Billions” in orders were mostly non-binding
• Hydrogen production claims were wildly unrealistic
• Core tech wasn’t close to what was promised

The Collapse

Hindenburg Research exposed it all, calling Nikola an “intricate fraud.”

That triggered:

• DOJ + SEC investigations
• Founder Trevor Milton stepping down
• Criminal conviction for fraud

Plot twist: Milton was later pardoned by Trump in 2025, wiping his criminal record.

The Fallout

• Stock dropped ~80% from its peak
• GM partnership collapsed
• Credibility: gone

By early 2025:

• Nikola filed for bankruptcy
• Delisted from Nasdaq
• Eventually liquidated

What started as the “Tesla of trucking” ended as one of the biggest hype-driven implosions in recent market history.

If you were following NKLA back then, did you buy the story or see the red flags early?

Before anything else: a settlement has been reached tied to Nikola’s collapse, and investors can already submit claims.

Now, here’s how it all unraveled:

Nikola Motors was supposed to be the future of zero-emissions trucking. At its peak, it hit a ~$30B valuation after going public via SPAC in 2020.

The pitch?

• Revolutionary hydrogen fuel tech
• Fully functional electric semi-trucks
• Billions in pre-orders

The reality? Not even close.

The $30B Illusion

Nikola marketed its flagship truck as fully operational. Slick videos showed it “in motion.”

Except… it wasn’t.
The truck was literally rolled downhill to fake functionality.

Other issues:

• “Billions” in orders were mostly non-binding
• Hydrogen production claims were wildly unrealistic
• Core tech wasn’t close to what was promised

The Collapse

Hindenburg Research exposed it all, calling Nikola an “intricate fraud.”

That triggered:

• DOJ + SEC investigations
• Founder Trevor Milton stepping down
• Criminal conviction for fraud

Plot twist: Milton was later pardoned by Trump in 2025, wiping his criminal record.

The Fallout

• Stock dropped ~80% from its peak
• GM partnership collapsed
• Credibility: gone

By early 2025:

• Nikola filed for bankruptcy
• Delisted from Nasdaq
• Eventually liquidated

What started as the “Tesla of trucking” ended as one of the biggest hype-driven implosions in recent market history.

If you were following NKLA back then, did you buy the story or see the red flags early?

https://preview.redd.it/hd6s5sxkkssg1.png?width=2224&format=png&auto=webp&s=d8457fdd9d147b24645a052a47693889a95d628c

Remember when Didi went public and then immediately got nuked by Chinese regulators 48 hours later? The legal "autopsy" is finally over. The company is paying out $740 million to settle the class action over misleading IPO statements.

The Deadline: Next Monday, April 6, 2026.

The Eligibility: If you purchased ADSs between June 30, 2021, and July 21, 2021.

Most people ignore these notices, but with a fund this large, it's actually worth the 5 minutes to file. I found a clear summary of the payout structure and the online filing form here.

If you're still holding or sold at a loss years ago, this is the only way to claw some of that back.

https://preview.redd.it/hd6s5sxkkssg1.png?width=2224&format=png&auto=webp&s=d8457fdd9d147b24645a052a47693889a95d628c

Remember when Didi went public and then immediately got nuked by Chinese regulators 48 hours later? The legal "autopsy" is finally over. The company is paying out $740 million to settle the class action over misleading IPO statements.

The Deadline: Next Monday, April 6, 2026.

The Eligibility: If you purchased ADSs between June 30, 2021, and July 21, 2021.

Most people ignore these notices, but with a fund this large, it's actually worth the 5 minutes to file. I found a clear summary of the payout structure and the online filing form here.

If you're still holding or sold at a loss years ago, this is the only way to claw some of that back.

Nikola Corp entered the public markets in 2020 with a promise to revolutionize heavy-duty transport through hydrogen-electric innovation. Investors were sold on a vision of a carbon-free future, led by a company that claimed to have cracked the code on zero-emission semi-trucks.

https://preview.redd.it/r8uvozfgalsg1.png?width=2230&format=png&auto=webp&s=e593c93a51c4a48cb01af25e806843f5c3b5f7c0

The company leveraged its status as a "Tesla killer" to attract billions in capital, showcasing its Nikola One prototype as a fully functional breakthrough. Leadership pointed to a multi-billion dollar order book and claimed they could produce hydrogen at a fraction of current market costs.

While Nikola included standard boilerplate language regarding the risks of developing new technology and market volatility, these warnings were masks for a much darker reality. The company admitted to general execution risks but stayed silent on the fact that their cornerstone technology was effectively non-existent.

The omission was staggering: the Nikola One was not a functioning vehicle, but an empty shell incapable of driving under its own power. Furthermore, the "billions" in pre-orders were largely non-binding "fluff," and the company had never actually produced a single gram of low-cost hydrogen.

The catalyst for the collapse arrived in September 2020, when a scathing report from Hindenburg Research revealed the company had staged a promotional video by rolling an inoperable truck down a hill. This exposure triggered immediate investigations by the SEC and the DOJ, leading to the resignation and subsequent criminal conviction of founder Trevor Milton.

The fallout was swift and devastating, as key partnerships with giants like General Motors were scaled back and the stock price began a terminal descent. Nikola shares, which once traded near $94, plummeted over 76% in the wake of the fraud revelations, eventually leading the company into Chapter 11 bankruptcy in early 2025.

Investors have now reached a settlement in a class action lawsuit (you can now submit a claim), alleging that Nikola and its executives systematically misled the market regarding its technology and production capabilities. The legal action successfully argued that the company’s "In Motion" claims were a calculated effort to inflate stock value through material misrepresentations.

Lightning eMotors hit the public markets with the high-voltage promise of electrifying the commercial transportation sector. The Colorado-based company positioned itself as a leader in medium- and heavy-duty electric vehicles, ranging from delivery trucks to city transit buses.

The bull case rested on a supposedly "fast-growing and scalable" operation that was ready to dominate the green energy transition. Management attracted investors by claiming their aggressive financial projections were "backed by existing customer contracts" and "completely covered" by a robust backlog of purchase orders.

In its regulatory filings, the company acknowledged general market risks, such as potential volatility in the burgeoning EV sector. They also made standard mentions of the global supply chain, framing it as a manageable hurdle for their sophisticated logistics infrastructure.

However, the disclosure gap was wide; Lightning eMotors ($ZEV) failed to reveal that it was already grappling with debilitating operational deficiencies. While touting a "high degree of resilience," the company omitted the fact that its supply chain was actually crumbling under the weight of long-standing quality assurance issues.

The regulatory hammer fell just months after the company’s merger with GigCapital3 was finalized. In August 2021, the company was forced to announce dismal quarterly results that fell far below targets and took the drastic step of pulling its full-year guidance entirely.

The fallout was instantaneous, as the stock price plummeted nearly 17% in a single day to close at $8.00. This collapse wiped out millions in shareholder value, exposing the fact that the company’s previous financial positioning had been materially overstated.

Investors have since secured a $13.3 million class action settlement to resolve claims that the company and its executives misled the market (damaged investors can still submit a late claim).

The lawsuit specifically cited that Lightning eMotors issued false and misleading statements regarding its supply chain stability and its ability to meet the very financial forecasts used to lure in SPAC investors.

Did anyone else buy into the "resilient" supply chain narrative of $ZEV during the SPAC boom, only to see it evaporate weeks later?