Ford Motor Company
Case Overview
55 Days Left to Seek Lead Plaintiff
Lead Plaintiff Deadline: | Lead Plaintiff Deadline: 10/07/2024 |
Status: | Status: Investigating |
Company Name: | Company Name: Ford Motor Company |
Court: | Court: Eastern District of Michigan |
Case Number: | Case Number: 2:24cv12080 |
Class Period: | Class Period: 08/27/2022 - 07/24/2024 |
Ticker: | Ticker: F |
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 Michigan on behalf of those who acquired Ford Motor Company ("Ford" or the "Company") (NYSE: F) securities during the period of August 27, 2022 through July 24, 2024 inclusive (the "Class Period"). Investors have until October 7, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
The lawsuit alleges that Ford failed to disclose to investors: (1) that the Company had deficiencies in its quality assurance of vehicle models since 2022; (2) that, as a result, the Company was experiencing higher warranty costs; (3) that the Company's warranty reserves did not accurately reflect the quality issues in vehicles sold since 2022; and (4) that, as a result, the Company's profitability was reasonably likely to suffer.
The lawsuit alleges that Ford failed to disclose to investors: (1) that the Company had deficiencies in its quality assurance of vehicle models since 2022; (2) that, as a result, the Company was experiencing higher warranty costs; (3) that the Company's warranty reserves did not accurately reflect the quality issues in vehicles sold since 2022; and (4) that, as a result, the Company's profitability was reasonably likely to suffer.