Pomerantz LLP investigates Ford Motor Company for potential securities fraud and unlawful business practices after Q2 2024 financial results miss.
Pomerantz LLP is investigating potential securities fraud and unlawful business practices by Ford Motor Company following its Q2 2024 financial results miss. Ford's stock price dropped 18.36% after announcing non-GAAP EPS of $0.47, missing estimates by $0.21, and revenue of $44.81bn, missing estimates by $70m. The company attributed the underperformance to increased warranty costs and electric vehicle losses. The Law Offices of Frank R. Cruz filed a securities class-action lawsuit against Ford for alleged undisclosed quality assurance issues affecting vehicle models since 2022, leading to higher warranty costs and affecting profitability.
August 09, 2024
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