VinFast Auto Ltd.
Case Overview
23 Days Left to Seek Lead Plaintiff
Lead Plaintiff Deadline: | Lead Plaintiff Deadline: 06/11/2024 |
Status: | Status: Investigating |
Company Name: | Company Name: VinFast Auto Ltd. |
Court: | Court: Eastern District of New York |
Case Number: | Case Number: 1:24cv02750 |
Class Period: | Class Period: 08/15/2023 - 01/17/2024 |
Ticker: | Ticker: VFS |
Related Attorneys: | Lead Attorneys: Thomas W. Elrod |
Related Practices: | Related Practices: Securities |
The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Eastern District of New York on behalf of those who acquired VinFast Auto Ltd. (“VinFast” or the “Company”) (NASDAQ: VFS) securities during the period of August 15, 2023 through January 17, 2024, inclusive (“the Class Period”). Investors have until June 11, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
The lawsuit alleges that, throughout the Class Period, VinFast failed to disclose to investors that the Company: (1) lacked sufficient capital to execute its purported growth strategy; (2) would be unable to meet its 2023 delivery targets; and (3) accordingly, had overstated the strength of its business model and operational capabilities, as well as its post-Merger business and/or financial prospects.
The lawsuit alleges that, throughout the Class Period, VinFast failed to disclose to investors that the Company: (1) lacked sufficient capital to execute its purported growth strategy; (2) would be unable to meet its 2023 delivery targets; and (3) accordingly, had overstated the strength of its business model and operational capabilities, as well as its post-Merger business and/or financial prospects.