Finance

ROSEN, A Premier Investor Law Firm, Announces Class Action Deadline for VinFast Auto Ltd. Shareholders - VFS

Published April 30, 2024

In a significant development for investors, the distinguished investor rights law firm, ROSEN, has issued a reminder to the shareholders of VinFast Auto Ltd. (formerly known as Black Spade Acquisition Co.), trading under the ticker VFS, of the impending deadline to apply as a lead plaintiff in a securities class action lawsuit. This legal proceeding pertains to certain financial discrepancies related to the prospectus and registration statement of the company's offerings.

Background of VinFast Securities Class Action

VinFast Auto Ltd., a prominent player in the automotive and e-scooter sectors, with operations spanning Vietnam and the United States, is at the center of this legal challenge. The class action lawsuit reflects concerns among investors regarding potential violations of federal securities laws that are alleged to have impacted the value of their investments in VFS.

Investor Call to Action

The law firm strongly encourages investors who have acquired VinFast Auto Ltd. securities during the specified period to establish contact with the firm to secure legal counsel before the deadline. This action aims to protect the rights of investors and potentially recover losses due to any unlawful practices that might have occurred. For those holding shares of VFS, prompt attention to this matter is crucial as the deadline approaches fast.

Investors, Legal, Deadline