MVST - MICROVAST INVESTOR ALERT: Kaplan Fox & Kilsheimer LLP Notifies Microvast Investors of a Class Action Lawsuit and Upcoming Deadline | Benzinga
NEW YORK, Dec. 19, 2023 (GLOBE NEWSWIRE) -- Kaplan Fox & Kilsheimer LLP reminds investors that a complaint has been filed on behalf of purchasers or acquirers of the securities of Microvast Holdings, Inc. ("Microvast" or the "Company") (NASDAQ:MVST) between October 19, 2022 and November 20, 2023, inclusive (the "Class Period"). Click Here to Join the Action.
If you acquired Microvast securities during the Class Period and would like to discuss this case, please click here. You may also contact us by emailing pmayer@kaplanfox.com or calling (646) 315-9003.
According to the complaint, 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 (the "Grant"). Polyaramid is a high-temperature resistant synthetic polymer, and a polyaramid separator is an insulating film used in high-capacity lithium-ion batteries.
On May 22, 2023, according to the complaint, Reuters reported the DOE would ...