Faraday Future Intelligent Electric Inc. F/K/A Property Solutions Acquisition Corp. Loss Submission Form
Company: Faraday Future Intelligent Electric Inc. F/K/A Property Solutions Acquisition Corp.
Ticker: (NASDAQ) FFIE
Deadline
Passed
Lead Plaintiff Deadline: February 22, 2022
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Allegations
(1) the Company had assets in China frozen by courts, (2) a significant percentage of its deposits for future deliveries were attributable to a single undisclosed affiliate; (3) the Company’s cars were not as close to production as the Company claimed; (4) as a result of previously issued statements that were misleading and/or inaccurate, Faraday Future could not timely file its quarterly report; and (5) 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.