FSR - Robbins LLP Reminds Fisker Inc. Investors of Pending Lead Plaintiff Deadline in FSR Class Action | Benzinga
SAN DIEGO, Jan. 10, 2024 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a shareholder filed a class action lawsuit on behalf of persons and entities that purchased or otherwise acquired Fisker Inc. (NYSE:FSR) securities between August 4, 2023 and November 20, 2023. Fisker is an electric vehicle company based in California. The Company went public in October 2020 via reverse merger with special purpose acquisition company Spartan Energy Acquisition Corp. The Company has one model currently launched, the Fisker Ocean, an electric vehicle that was released in the United States in June 2023.
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What is this Case About: Fisker Inc. (FSR) Failed to Disclose a Material Weakness in Internal Control Over Financial Reporting
According to the complaint, on November 8, 2023, 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. 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.
Then, on November 13, 2023, Fisker announced its third ...