According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that:
- three of Gauzy’s French subsidiaries lacked the financial means to meet their debts as they became due;
- as a result, it was substantially likely insolvency proceedings would be commenced;
- as a result, it was substantially likely a potential default under Gauzy’s existing senior secured debt facilities would be triggered; and
- as a result of the foregoing, defendants’ positive statements about Gauzy’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
