BOSTON, MA / ACCESSWIRE / December 6th, 2023 / Block & Leviton LLP (https://www.blockleviton.com/), a national securities litigation firm, announces that a class action lawsuit has been filed on behalf of shareholders against Microvast Holdings (NASDAQ:MVST) and certain of its executives, for securities fraud. The complaint is brought on behalf of investors that suffered damages on their purchases of Microvast Holdings securities between October 19th, 2022 and November 20th, 2023.
A class has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
Investors who purchased Microvast Holdings shares between October 19th, 2022 and November 20th, 2023 who lost money are strongly encouraged to contact Block & Leviton attorneys at (617) 398-5600, via email at cases@blockleviton.com, or to visit our website for information on the case.
Learn more about how you might be able to recover your losses in your Microvast Holdings investment.
The deadline to seek appointment as lead plaintiff is February 5th, 2024.
What is this all about?
The complaint alleges that the company allegedly knew a Department of Energy grant had been rescinded for months prior to that news becoming public. Microvast shares fell significantly both when news of the grant being rescinded was made public as well as when the report alleging Microvast's failure to disclose this was published. Investors are alleged to have lost hundreds of millions of dollars in market capitalization.
Who is eligible?
If you purchased or acquired Microvast Holdings shares between October 19th, 2022 and November 20th, 2023 and have questions about your legal rights or possess information relevant to this matter, please contact Block & Leviton attorneys at (617) 398-5600, via email at cases@blockleviton.com, or visit our case website. The deadline to seek appointment as lead plaintiff is February 5th, 2024.
What should you do next?
If you have lost money on your investment, call us at (617) 398-5600, e-mail us at cases@blockleviton.com, or visit our case website, to find out more, all with no obligation.
Why should you contact Block & Leviton?
Block & Leviton is widely regarded as one of the leading securities class action firms in the country. We have obtained, and are dedicated to obtaining, significant recoveries on behalf of defrauded investors through active litigation in the federal courts across the country. Many of the nation's top institutional investors hire us to represent their interests. You can learn more about us at our website, https://www.blockleviton.com/, or call (617) 398-5600 or email cases@blockleviton.com with any questions.
SOURCE: Block & Leviton LLP
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https://www.accesswire.com/813843/microvast-holdings-sued-for-securities-fraud-block-leviton-encourages-shareholders-to-contact-the-firm
