Press release
Investigation announced for Investors in VinFast Auto Ltd. (NASDAQ: VFS) over potential Wrongdoing
An investigation on behalf of current long term investors in VinFast Auto Ltd. (NASDAQ: VFS) shares.
Investors who are investors in VinFast Auto Ltd. (NASDAQ: VFS) shares, 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 for investors in NASDAQ: VFS stocks follows a lawsuit filed against VinFast Auto Ltd. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: VFS stocks, concerns whether certain VinFast Auto Ltd. directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Eastern District of New York the plaintiff alleges that the defendants between August 15, 2023 and January 17, 2024, and in the offering documents issued in connection with the merger consummated on August 14, 2023 made false and/or misleading statements and/or failed to disclose that VinFast Auto Ltd lacked sufficient capital to execute its purported growth strategy, that VinFast Auto Ltd would be unable to meet its 2023 delivery targets, and that accordingly, VinFast Auto Ltd had overstated the strength of its business model and operational capabilities, as well as its post-Merger business and/or financial prospects.
Those who purchased shares of VinFast Auto Ltd. (NASDAQ: VFS) 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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