NEW YORK – (BUSINESS WIRE) – November 16, 2021–
WHY: Rosen Law Firm, a global investor rights law firm, announces investigation of potential securities claims on behalf of shareholders of Faraday Future Intelligent Electric Inc. f / k / a Property Solutions Acquisition Corp. (NASDAQ: FFIE, PSAC) resulting from allegations that Faraday Future may have published marketing information that is misleading to the investing public.
SO WHAT: If you have purchased securities of Faraday Future, you may be entitled to compensation without payment of any fees or charges under a contingency fee agreement. Rosen law firm is preparing a class action lawsuit to recover investors’ losses.
WHAT TO DO NEXT: To join the potential class action lawsuit, go to http://www.rosenlegal.com/cases-register-2206.html or call Phillip Kim, Esq. toll free at 866-767-3653 or by emailing [email protected] or [email protected] for information on the class action.
WHAT DOES IT TALK ABOUT: On October 7, 2021, during trading hours, market analyst J Capital Research released a report on the company titled “Move Over Lordstown: There’s a New EV Scam in Town” alleging a wide range of issues within the company. On this news, Faraday Future’s share price fell 4% to close at $ 8.05 per share on October 8, 2021, the next full trading day.
On November 15, 2021, after market hours, Faraday Future informed the United States Securities and Exchange Commission (SEC) that it could not file its Form 10-Q within the prescribed timeframe for its third quarter financial results. 2021, citing an ongoing investigation initiated by the Company’s Board of Directors into allegations of inaccurate disclosures. On this news, Faraday Future’s stock price fell 3% to close at $ 8.83 on November 16, 2021, the following trading day.
WHY THE ROSEN LAW: We encourage investors to select qualified advisors with a track record of success in leadership roles. Often, companies issuing reviews do not have comparable experience, resources or peer recognition. Be wise in choosing the right lawyer. Rosen law firm represents investors around the world, focusing its practice on class actions in securities and derivative litigation between shareholders. Rosen law firm has secured the largest securities class action settlement against a Chinese company. Rosen law firm was ranked # 1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. The firm has been ranked in the top 4 every year since 2013 and has recovered hundreds millions of dollars for investors. In 2019 alone, the company raised more than $ 438 million for investors. In 2020, founding partner Laurence Rosen was appointed by law360 Titan of Plaintiffs’ Bar. Many of the firm’s lawyers have been recognized by Lawdragon and Super Lawyers.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Lawyer advertising. Previous results do not guarantee a similar result.
See the source version on businesswire.com: https://www.businesswire.com/news/home/20211116006451/en/
CONTACT: Laurence Rosen, Esq.
Phillip Kim, Esq.
Rosen Law Firm, Pennsylvania
275 Madison Avenue, 40th Floor
New York, New York 10016
Phone. : (212) 686-1060
Toll free: (866) 767-3653
Fax: (212) 202-3827
KEYWORD: NEW YORK UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: PROFESSIONAL LEGAL SERVICES
SOURCE: Rosen Law Firm, Pennsylvania
Copyright Business Wire 2021.
PUB: 11/16/2021 20:21 / DISC: 11/16/2021 20:21
Copyright Business Wire 2021.