SAN DIEGO, Jan. 19, 2024 (GLOBE NEWSWIRE) -- Johnson Fistel, LLP announces that investors who incurred losses in Microvast Holdings, Inc. ("Microvast") (NASDAQ: MVST) that a securities class action lawsuit has been filed.
The lawsuit seeks to recover losses on behalf of investors who acquired securities between October 19, 2022 and November 20, 2023 (the "Class Period"). Investors have until February 5, 2024, to apply to the Court to be appointed as lead plaintiff in the lawsuit.
If you would like to review the complaint and join the class action please follow the link below for more information: https://www.johnsonfistel.com/investigations/microvast-holdings
There is no cost or obligation to you.
According to the complaint and throughout the Class Period, the defendants made false and/or misleading statements and/or failed to disclose that: (1) there was a reasonable likelihood that Microvast would not be awarded the DOE grant after due diligence was performed; (2) negotiations between Microvast and the DOE had ceased and the grant had been rescinded; and (3) Microvast misrepresented the nature and profitability of its businesses and partnerships.
What can Investors Do: Shareholders who incurred losses during the class period, have until February 5, 2024, to move the court to become a lead plaintiff in this action. A lead plaintiff will act on behalf of all other class members in directing the class-action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the class-action lawsuit. An investor's ability to share any potential future recovery of the class action lawsuit is not dependent upon serving as lead plaintiff.
About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York, Georgia, and Colorado. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com.
Attorney advertising.
Past results do not guarantee future outcomes.
Services may be performed by attorneys in any of our offices.
Johnson Fistel, LLP has paid for the dissemination of this promotional communication, and Frank J. Johnson is the attorney responsible for its content.
Contact:
Johnson Fistel, LLP
501 W. Broadway, Suite 800, San Diego, CA 92101
James Baker, Investor Relations or Frank J. Johnson, Esq., (619) 814-4471
jimb@johnsonfistel.com or fjohnson@johnsonfistel.com
