MVST - MVST NEWS: Johnson Fistel Encourages Microvast Investors to Seek Counsel Before Lead Plaintiff Class Action Deadline | Benzinga
SAN DIEGO, Dec. 14, 2023 (GLOBE NEWSWIRE) -- Johnson Fistel, LLP notifies investors of Microvast Holdings, Inc. ("Microvast") (NASDAQ:MVST) that a securities class action lawsuit has been filed. 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after due diligence was performed; (2) negotiations between Microvast and the DOE had ceased and the grant had been rescinded; and (3) Microvast misrepresented the nature and profitability of its businesses and partnerships.
The lawsuit seeks to recover losses on behalf of investors who acquired securities between ...