NEW YORK, Jan. 26, 2022 /PRNewswire/ — The Gross Law Firm, securities class action litigators, issues the following notice to shareholders of Faraday Future Intelligent Electric Inc. F/K/A Property Solutions Acquisition Corp.:
Shareholders who purchased shares of FFIE during the class period listed below are encouraged to contact the firm regarding possible appointment as lead plaintiff. Appointment as lead plaintiff is not required to partake in any recovery.
CONTACT US HERE:
Class Period: January 28, 2021 to November 15, 2021
ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) the Company had assets in China frozen by courts, (2) a significant percentage of its deposits for future deliveries were attributable to a single undisclosed affiliate; (3) the Company’s cars were not as close to production as the Company claimed; (4) as a result of previously issued statements that were misleading and/or inaccurate, Faraday Future could not timely file its quarterly report; and (5) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
DEADLINE FEBRUARY 22, 2022: Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/araday-future-intelligent-electric-inc-f-k-a-property-solutions-acquisition-corp-loss-submission-form/?id=22502&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of FFIE during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. There is no cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm’s mission is to protect the rights of all investors who have suffered as the result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. Our team puts in the work to get the maximum recovery on behalf of investors. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: [email protected]
Phone: (646) 453-8903
SOURCE The Gross Law Firm
