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The filed complaint alleges that VinFast Auto Ltd. made materially false and/or misleading statements and/or failed to disclose that: 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.
In order to be eligible to join the VFS class action lawsuit, you must have incurred a loss on shares of VinFast Auto Ltd. purchased during the class period listed above.
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