MVST - Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed on Behalf of Microvast Holdings Inc. (MVST) Investors and Encourages Investors to Contact the Firm Before February 5 2024 | Benzinga

NEW YORK, Dec. 13, 2023 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Southern District of Texas on behalf of those who acquired Microvast Holdings, Inc. ("Microvast" or the "Company) (NASDAQ:MVST) securities during the period from October 19, 2022 through November 20, 2023, inclusive. Investors have until February 5, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

In October 2022, the United States Department of Energy ("DOE") conditionally selected Microvast for a proposed $200 million grant to help fund a proposed polyaramid separator production facility. On May 22, 2023, Reuters reported the DOE would not award Microvast the grant. In a call with congressional staff that evening, the DOE confirmed negotiations with Microvast concerning the grant had been cancelled. The DOE stated it would not comment publicly on why it decided to cancel negotiations with any applicant. This news came after months of political fervor over ...

MVST) Investors and Encourages Investors to Contact the Firm Before February 5, 2024>Full story available on Benzinga.com