NEW YORK, Nov. 19, 2023 /PRNewswire/ — Pomerantz LLP is investigating claims on behalf of investors of VinFast Auto Ltd. (“VinFast” or the “Company”) (NASDAQ: VFS). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 7980.
The investigation concerns whether VinFast and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On August 14, 2023, VinFast announced that it had completed its business combination with Black Spade Acquisition Co. Since announcing the completion of the business combination, VinFast’s ordinary shares have traded as high as $82.35 per share.
As of the November 15, 2023 close, VinFast’s ordinary shares traded at $6.17 per share, a drop of more than 92%.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com.
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Robert S. Willoughby
888-476-6529 ext. 7980
SOURCE Pomerantz LLP