Levi & Korsinsky, LLP announces that a securities class action lawsuit has been filed on behalf of investors who purchased or otherwise acquired VinFast Auto Ltd. f/k/a Black Spade Acquisition Co. (NASDAQ: VFS) securities.
If you suffered a loss on your VinFast Auto Ltd. f/k/a Black Spade Acquisition Co. investment 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.
THE LAWSUIT: Aug 15 2023 - Jan 17 2024
CASE DETAILS: The filed complaint alleges that VinFast Auto Ltd. f/k/a Black Spade Acquisition Co. made materially false and/or misleading statements and/or failed to disclose that: (i) VinFast lacked sufficient capital to execute its purported growth strategy; (ii) VinFast would be unable to meet its 2023 delivery targets; (iii) accordingly, VinFast had overstated the strength of its business model and operational capabilities, as well as its post- merger business and/or financial prospects; and (iv) as a result, the offering documents and defendants’ public statements throughout the class period were materially false and/or misleading and failed to state information required to be stated therein.
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