Shareholder Derivative Action - Interested?

Investor summaryBearish

A major NIO investor considers a derivative lawsuit against the company and CEO over missed deliveries and valuation destruction.

Bear points

Shareholders are considering a derivative lawsuit against the company, board, and CEO for endangering valuation.
Allegations include materially missed delivery targets and misleading statements.

NIO电动车

Post body

Approached by a fellow NIO investor (7 figures in NIO) who is considering a shareholder derivative action lawsuit against NIO.

This allows shareholders to sue on behalf of the corporation, the board and William Li personally for endangering the company's valuation. Proof of statements made, materially missed deliveries, etc would be brought to bear.

Would other NIO shareholders be interested if this was filed on behalf of all shareholders?

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