Former Louisiana Attorney General initiates probe: Kahn Swick & Foti, LLC scrutinizes the leadership of Microvast Holdings, Inc. - MVST
In the heart of New Orleans, Kahn Swick & Foti, LLC (KSF) resides at 1100 Poydras St., Suite 960, 70163. This esteemed law firm, recognised as one of the nation's premier boutique securities litigation law firms, is currently involved in an investigation concerning Microvast Holdings, Inc.
KSF's investigation focuses on allegations that Microvast's officers and/or directors may have breached their fiduciary duties to shareholders or violated state or federal laws. This investigation follows the filing of a securities class action lawsuit against Microvast and certain of its executives.
The lawsuit stems from concerns about the company's operations and financial reporting. J Capital Research published a report alleging that Microvast knew about the rescinding of a $200 million U.S. Department of Energy Grant for months but failed to inform investors. Furthermore, the report suggests that a significant portion of Microvast's sales may be fake, and that its Chinese factory shows almost no activity.
The court presiding over the case denied the Company's motion to dismiss in part, allowing the case to move forward. However, there is no available information regarding the current status of the stockholder lawsuit against Microvast Holdings, Inc., nor about the motion to dismiss in court.
KSF seeks recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. If you are a long-term holder of Microvast shares and have information that could assist KSF's investigation, you are encouraged to contact the firm for more information.
Led by Managing Partner Lewis Kahn, KSF serves a variety of clients, including public and private institutional investors, and retail investors. With offices in New York, Delaware, California, Louisiana, Chicago, New Jersey, and a representative office in Luxembourg, KSF is well-equipped to handle investigations on a national and international scale.
For any inquiries, you can reach out to Lewis Kahn at [email protected] or call KSF at 1-877-515-1850.
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