NASDAQ: FFIE Investor Notice: Lawsuit against Faraday Future Intelligent Electric Inc. announced by the Shareholders Foundation – Press Release
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SAN DIEGO, Feb. 09, 2022 (GLOBE NEWSWIRE) — The Shareholders Foundation, Inc. announced that a lawsuit was filed for certain investors in shares of Faraday Future Intelligent Electric Inc. FFIE.
Investors who purchased shares of Faraday Future Intelligent Electric Inc. FFIE have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
On December 27, 2021, a lawsuit was filed against Faraday Future Intelligent Electric Inc. over alleged securities laws violations. The plaintiff alleges that the defendants made false and/or misleading statements and/or failed to disclose that the Company had assets in China frozen by courts, that a significant percentage of its deposits for future deliveries were attributable to a single undisclosed affiliate, that the Company’s cars were not as close to production as the Company claimed, that as a result of previously issued statements that were misleading and/or inaccurate, Faraday Future could not timely file its quarterly report, and that as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Those who purchased shares of Faraday Future Intelligent Electric Inc. FFIE should contact the Shareholders Foundation, Inc.
CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.
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