Contact VinFast stock loss lawyer Timothy L. Miles about a VinFast class action lawsuit
The Crux of the VinFast Securities Litigation
Investors who acquired VinFast Auto Ltd. (NASDAQ: VFS; VFSWW) publicly traded securities during specific periods may be eligible to participate in the VinFast class action lawsuit. This comprehensive litigation, captioned Comeau v. VinFast Auto Ltd., No. 24-cv-02750 (E.D.N.Y.), alleges that VinFast and certain top executives violated federal securities laws through false and misleading statements.
Specifically, the VinFast lawsuit contends that the defendants misrepresented or failed to disclose material facts about the company's capital adequacy, delivery targets, and overall business prospects. These alleged misstatements purportedly artificially inflated VinFast's stock price, causing substantial losses to investors when the truth emerged. Qualifying Time Frames for the VinFast Lawsuit
To be part of the VinFast class action lawsuit, investors must have purchased or acquired VinFast securities during one of the following periods:
The Pivotal Allegations Driving the VinFast Lawsuit
The VinFast class action lawsuit revolves around three central allegations against the defendants:
The Countdown: Lead Plaintiff Deadline Approaches
Investors seeking to serve as lead plaintiffs in the VinFast class action lawsuit must file their motions with the court by June 11, 2024. This deadline is critical, as the lead plaintiff plays a pivotal role in directing the litigation on behalf of the class.
When a securities class action is filed, the first complainant must publish a notice announcing the lawsuit. Any investor wishing to be appointed as lead plaintiff must then file a motion within 60 days after the notice was published. Your Options as a Potential Class Member
If you receive a notice regarding the VinFast class action lawsuit, you have two choices:
Proving Securities Fraud: The Plaintiff's Burden
To succeed in the VinFast class action lawsuit, the plaintiffs must establish the following elements:
The Roadmap: Stages of the VinFast Lawsuit
Securities fraud class actions typically follow a series of stages. In the VinFast lawsuit, these stages may unfold as follows:
The Lead Plaintiff: Roles and Responsibilities
The lead plaintiff plays a crucial role in securities class action lawsuits, acting on behalf of all class members and directing the litigation. Key responsibilities of the lead plaintiff in the VinFast lawsuit may include:
Eligibility Criteria for Lead Plaintiff Appointment
Under the Private Securities Litigation Reform Act of 1995 (PSLRA), any investor who purchased VinFast securities during the relevant periods and suffered losses may seek to be appointed as lead plaintiff. The court typically appoints the movant with:
Benefits of Serving as Lead Plaintiff
Serving as the lead plaintiff in the VinFast class action lawsuit can offer several advantages, including:
Frequently Asked QuestionsCan I serve as a lead plaintiff if I purchased shares outside 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 lawsuit.
Will the lead plaintiff get more money if the VinFast class action lawsuit settles than class members?
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 serve as a lead plaintiff in the class action against VinFast if I am serving as lead plaintiff in another securities fraud 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 in the VinFast 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.
Can I serve as lead plaintiff in the VinFast class action lawsuit if I sold my shares?
Yes. There is no requirement for you to retain ownership of the stock after the class period has expired to participate in the VinFast class action lawsuit.
How do I know if I am a member of the class in the class action against VinFast?
If you purchased shares during the class period and suffered losses in VinFast stock, then you are most likely a member of the class in the VinFast lawsuit and may participate in the VinFast lawsuit since you suffered losses in VinFast stock.
If I am a member of the class, how much does it cost to hire an VinFast stock loss lawyer?
If you suffered losses in VinFast stock and are a member of the class, it does not cost anything to hire a VinFast stock loss lawyer. Our firm litigates securities fraud cases on a contingent fee basis, so plaintiffs and the class do not pay attorneys’ fees or court costs unless there is a recovery, and the attorney fees and costs are awarded by the court as a percentage of the total recovery for the class.
CONTACT A VINFAST STOCK LOSS LAWYER TODAY ABOUT A VINTAST 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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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] HOURS OF OPERATION Mon-Fri: 24/7 Sat-Sun: 24/7 |
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