Press release
Deadline on Feb. 5th coming up in the Lawsuit filed for certain investors in Microvast Holdings, Inc. (NASDAQ: MVST)
A Deadline is coming up on February 05, 2024 in the lawsuit for certain investors in Microvast Holdings, Inc. (NASDAQ: MVST).
Investors who purchased shares of Microvast Holdings, Inc. (NASDAQ: MVST) have certain options and there are strict and short deadlines running. Deadline: February 05, 2024. Microvast Holdings, Inc. (NASDAQ: MVST) stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
According to the complaint filed in the U.S. District Court for the Southern District of Texas the plaintiff alleges on behalf of purchasers of Microvast Holdings, Inc. (NASDAQ: MVST) common shares between October 19, 2022 and November 20, 2023, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between October 19, 2022 and November 20, 2023, the Defendants failed to disclose to investors: (1) that there was a reasonable likelihood that Microvast would not be awarded the Grant after due diligence was performed; (2) that negotiations had ceased and the Grant rescinded; (3) that the Company misrepresented the nature and profitability of its businesses and partnerships; and (4) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Those who purchased shares of Microvast Holdings, Inc. (NASDAQ: MVST) 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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