Class action lawsuit accuses VinFast Auto Ltd. of misrepresenting financial health and violating Securities Acts.
VinFast Auto Ltd. faces a class action lawsuit accusing the firm of misrepresenting its financial health and prospects. The case alleges that the company violated the Securities Act of 1933 and the Securities Exchange Act of 1934 by not disclosing its lack of sufficient capital to execute its growth strategy, inability to meet 2023 delivery targets, and overstating its business model. The lawsuit seeks to represent investors who purchased or acquired VinFast securities between August 15, 2023, and January 17, 2024.
April 12, 2024
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