Lawsuit filed for Investors who lost money with shares of Ford Motor Company (NYSE: F) I

An investor, who purchased shares of Ford Motor Company (NYSE: F), filed a lawsuit over alleged violations of Federal Securities Laws by Ford Motor Company in connection with certain allegedly false and misleading statements.

Investors who purchased a significant amount of shares of Ford Motor Company (NYSE: F) between April 27, 2022 and July 24, 2024, and / or those purchased any NYSE: F shares prior to April 2022 and continue to hold any of those shares, have certain options and for certain investors are short and strict deadlines running. Deadline: October 7, 2024. NYSE: F investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

On July 24, 2024, Ford Motor Company (NYSE: F) announced second quarter 2024 financial results, revealing that the Company's "[p]rofitability was affected by an increase in warranty reserves" and "higher warranty costs." As a result, the Company also revised its outlook for full year earnings for its electric vehicle segment to "reflect[] higher warranty costs than originally planned." Analysts and journalists, including The Associated Press and The Washington Post, reported that, in the second quarter, warranty and recall costs totaled $2.3 billion, $800 million more than the first quarter and $700 million more than a year prior.

Shares of Ford Motor Company (NYSE: F) declined from $14.85 per share on July 18, 2024, to as low as $9.49 per share on August 05, 2024.

The plaintiff claims that between April 27, 2022 and July 24, 2024, the Defendants 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; (4) that, as a result, the Company's profitability was reasonably likely to suffer; and (5) 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 at all relevant times.

Those who purchased shares of Ford Motor Company (NYSE: F) 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.

This release was published on openPR.