According to the lawsuit, the Offering Documents and defendants made false and/or misleading statements and/or failed to disclose that:
- VinFast lacked sufficient capital to execute its purported growth strategy;
- VinFast would be unable to meet its 2023 delivery targets;
- 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
- 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.
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.
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