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Investigation announced for Investors in NASDAQ: FFIE over possible Wrongdoing at Faraday Future Intelligent Electric Inc.

12-02-2021 01:06 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of investors in Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) shares.

An investigation on behalf of investors in Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) shares.

An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at Faraday Future Intelligent Electric Inc.

Investors who purchased shares of Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain Faraday Future Intelligent Electric Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.

Gardena, CA based Faraday Future Intelligent Electric Inc. engages in the design, development, manufacture, engineering, sale, and distribution of electric vehicles and related products in the United States and internationally.

On October 7, 2021, J Capital Research published a report alleging, among other things, that Faraday Future Intelligent Electric Inc is unlikely to ever sell a car, noting that after eight years in business, the Company has "failed to deliver a car," "has reneged on promises to build factories in five localities in the U.S. and China," "is being sued by dozens of unpaid suppliers," and "has failed to disclose that assets in China have been frozen by courts." Moreover, the report alleged that Faraday’s claimed 14,000 deposits are fabricated because 78% of these reservations were made by a single undisclosed company that is likely an affiliate.

Shares of Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) declined from $11.50 per share on September 21, 2021, to $5.0 per share on November 30, 2021.

Those who purchased shares of Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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