FSR - FISKER DEADLINE ALERT: Bragar Eagel & Squire P.C. Reminds Investors that a Class Action Lawsuit Has Been Filed Against Fisker Inc. and Encourages Investors to Contact the Firm | Benzinga
NEW YORK, Jan. 24, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, reminds investors that a class action lawsuit has been filed against Fisker Inc. ("Fisker" or the "Company") (NYSE:FSR) in the United States District Court for the Central District of California on behalf of all persons and entities who purchased or otherwise acquired Fisker securities between August 4, 2023 and November 20, 2023, both dates inclusive (the "Class Period"). Investors have until January 26, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
Click here to participate in the action.
On November 8, 2023, before the market opened, Fisker announced that the completion of the Company's financial statements would be delayed due to the appointment of a new chief accounting officer ("CAO") and the departure of the Company's former CAO. The Company had previously announced former CAO, John Finnucan ("Finnucan") provided notice of intent to resign on September 19, 2023, effective October 27, 2023. Fisker's new CAO, Florus Beuting ("Beuting"), was hired effective as of November 6, 2023. The Company advised it "expects to file its Form 10-Q by November 14, 2023." On this news, the Company's share price fell $0.38, or 8.7%, to close at $3.99 per share on November 8, 2023, on unusually heavy trading volume.
Then, on November 13, 2023, after the market closed, Fisker announced its third quarter 2023 financial results, reporting a loss of $91.0 million and $0.27 loss per share. The Company also reported $78.02 million in selling, general and administrative operating costs and expenses, as ...