Levi & Korsinsky notifies investors that it has commenced an investigation into VinFast Auto Ltd. (NASDAQ: VFS) concerning potential violations of the federal securities laws.
VinFast issued a press release on September 20, 2024, reporting the Company's financial results for the second quarter of 2024. Among other items, VinFast reported a gross loss of $224 million for the quarter, which the Company attributed primarily to an impairment charge on Net Residual Value of $104 million. Following this news, VinFast's stock price fell over 7% on September 20, 2024.
If you suffered a loss on your VinFast Auto Ltd. securities and would like to explore a potential recovery under the federal securities laws, submit to us or contact Joseph E. Levi, Esq. via email at [email protected] or call 212-363-7500 to speak to our team of experienced shareholder advocates.
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