If you suffered losses in VinFast stock, contact VinFast stock loss lawyer Timothy L. Miles about a VinFast class action lawsuit
INTRODUCTION TO THE VINFAST CLASS ACTION LAWSUIT
The VinFast class action lawsuit seeks to represent purchasers or acquirers of VinFast Auto Ltd. (NASDAQ: VFS; VFSWW) securities: (i) between August 15, 2023 and January 17, 2024, inclusive (the “Class Period”); and/or (ii) pursuant and/or traceable to VinFast’s offering documents issued in connection with the merger consummated on August 14, 2023 with VinFast, Black Spade Acquisition Co., and Nuevo Tech Limited (the “Merger”). Captioned Comeau v. VinFast Auto Ltd., No. 24-cv-02750 (E.D.N.Y.), the VinFast class action lawsuit charges VinFast and certain of VinFast’s top current and former executives and directors with violations of the Securities Act of 1933 and/or Securities Exchange Act of 1934.
If you suffered losses in VinFast stock and wish to serve as lead plaintiff, or just have general questions about your rights as a shareholder, please contact VinFast Stock Loss Lawyer Timothy L. Miles, at no charge, by calling 855/846-6529 or via e-mail at [email protected] or by submitting a contact form. Lead plaintiff motions for the VinFast class action lawsuit must be filed with the court no later than June 11, 2024. In this ultimate guide, we will address everything a VinFast shareholder needs to know about the VinFast class action lawsuit. If you have any further questions, do not hesitate to contact me at no charge via the phone or email as indicated above. I would be more than glad you answer your questions about the lawsuit or your rights as a shareholder. THE ALLEGATIONS IN THE VINFAST CLASS ACTION LAWSUIT
VinFast describes itself as “an innovative, full-scale mobility platform focused primarily on designing and manufacturing premium EVs (“electric vehicles”), e-scooters, and e-buses.” Prior to the Merger, VinFast operated as a publicly traded special purpose acquisition company (SPAC or blank-check company). The allegations in the VinFast class action lawsuit can be summarized as follow:
THE LEAD PLAINTIFF DEADLINE IN THE VINFAST CLASS ACTION LAWSUIT
Lead plaintiff motions for the VinFast class action lawsuit must be filed with the court no later than June 11, 2024.When a securities class action is filed such as the VinFast class action lawsuit, the person who files the first complaint is required to publish a notice announcing the filing. Anyone who wants to be lead plaintiff on on behalf of the class must thereafter file a motion to be appointed as lead plaintiff(s) no later than 60 days after the notice was published.
WHAT PLAINTIFFS NEED TO PROVE TO PREVAIL IN THE VINFAST CLASS ACTION LAWSUIT
To succeed in the VinFast class action lawsuit, plaintiffs must establish the following elements:
THE STAGES TO THE VINFAST CLASS ACTION LAWSUIT
Securities fraud class actions go through a series of stages. In the VinFast class action lawsuit, the various steps to the lawsuit would be as follows:
THE LEAD PLAINTIFF PROCESS IN THE VINFAST CLASS ACTION LAWSUIT
The PSLRA permits any investor who purchased and suffered losses in VinFast stock to seek appointment as lead plaintiff in the VinFast class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the securities class action lawsuit. An investor’s ability to share in any potential future recovery of the class action lawsuit is not dependent upon serving as lead plaintiff.
THE BENEFITS OF SERVING AS LEAD PLAINTIFF IN THE VINFAST CLASS ACTION LAWSUIT
There are several benefits to serving as the lead plaintiff in the class action against VinFast:
THE RESPONSIBILITIES THE LEAD PLAINTIFF WILL HAVE IN THE VINFAST CLASS ACTION LAWSUIT
A Lead Plaintiff owes a fiduciary duty to the class, and therefore, must act in the best interest of the class in the VinFast class action lawsuit. Some of the responsibilities of the Lead Plaintiff include:
frequently asked questionsCan I Be Appointed Lead Plaintiff in the VinFast Lawsuit if I Purchased Shares Outside of the Class Period?
No. Even if you suffered losses in VinFast stock, if you purchased securities outside of the Class period, you will not be able to participate in the VinFast class action lawsuit.
Will the Lead Plaintiffs Get More Money than Class Members if the VinFast Class Action Lawsuit settles?
No, but they may be entitled to recover their reasonable expenses incurred with are directly related to representing the class. Under the PSLAR, a Lead Plaintiff is only entitled to his or her pro rata share of any recovery and does not receive any additional money for serving as a representative party on behalf of the class. However, a court, in its discretion, may approve an award of “reasonable costs and expenses (including lost wages)” to a Lead Plaintiff that directly relates to the representation of the class in the VinFast class action lawsuit on behalf of investors who suffered losses in VinFast stock.
Can I Be Lead Plaintiff in the VinFast Class Action Lawsuit if I am Lead Plaintiff in Another Case?
Yes, unless you have been a lead plaintiff in more than five securities class actions during any three-year period which is expressly prohibited by the securities laws. Otherwise, if you suffered losses in VinFast stock, you may move to be appointed lead plaintiff.
Can the Court Appoint More than One Lead Plaintiff the VinFast class action lawsuit?
Yes, at its discretion the Court may appoint a person, entity, or group of persons and/or entities as Lead Plaintiffs in the VinFast class action lawsuit.
CONTACT A VINFAST STOCK LOSS LAWYER TODAY ABOUT A VINFAST CLASS ACTION LAWSUIT
If you suffered losses in VinFast stock, contact VinFast stock loss lawyer Timothy L. Miles today for a free case evaluation about a VinFast class action lawsuit. Call today and see what a VinFast stock loss lawyer could do for you if you suffered losses in VinFast stock. This will most likely be the only call you need to make. (855) 846–6529 or [email protected].
The Law Offices of Timothy L. Miles
Tapestry at Brentwood Town Center 300 Centerview Dr., #247 Brentwood, TN 37027 Phone: (855) 846–6529 Email: [email protected] VinFast stock loss lawyer Timothy L. MilesNashville attorney Timothy L. Miles is a nationally recognized shareholder rights attorney raised in Nashville, Tennessee. Mr. Miles has dedicated his career to representing shareholders, employees, and consumers in complex class-action litigation. Whether serving as lead, co-lead, or liaison counsel, Mr. Miles has helped recover hundreds of millions of dollars for defrauded investors, shaped precedent-setting decisions, and delivered real corporate governance reforms. Judges and peers have repeatedly recognized Mr. Miles’ relentless advocacy for the underdog, as well as his unbendable ethical standards. Mr. Miles was recently selected by Martindale-Hubbell® and ALM as a 2022 Top Ranked Lawyer, 2022 Top Rated Litigator. and a 2022 Elite Lawyer of the South. Mr. Miles also maintains the AV Preeminent Rating by Martindale-Hubbell®, their highest rating for both legal ability and ethics. Mr. Miles is a member of the prestigious Top 100 Civil Plaintiff Trial Lawyers: The National Trial Lawyers Association,Class Action: Class Action: Top National Trial Lawyers, National Trial Lawyers Association (2023), a superb rated attorney by Avvo, a recipient of the Lifetime Achievement Award by Premier Lawyers of America (2019) and recognized as a Distinguished Lawyer, Recognizing Excellence in Securities Law, by Lawyers of Distinction (2019); a Top Rated Litigator by Martindale-Hubbell® and ALM (2019-2022); America’s Most Honored Lawyers 2020 – Top 1% by America’s Most Honored (2020-2022). Mr. Miles has published over sixty articles on various issues of the law, including class actions, whistleblower cases, products liability, civil procedure, derivative actions, corporate takeover litigation, corporate formation, mass torts, dangerous drugs, and more. Please visit our website or call for free anytime. Comments are closed.
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