ATLANTA, Jan. 30, 2024 (GLOBE NEWSWIRE) — Holzer & Holzer, LLC reminds investors that a shareholder class action lawsuit has been filed against Microvast Holdings, Inc. (“Microvast” or the “Company”) (NASDAQ: MVST). The lawsuit alleges Microvast made false or misleading statements and/or omitted material adverse information regarding the Company’s business, operations, and prospects, including allegations that: (1) that there was a reasonable likelihood that Microvast would not be awarded the Grant after due diligence was performed; (2) that negotiations had ceased and the Department of Energy Grant rescinded; and (3) that the Company misrepresented the nature and profitability of its businesses and partnerships.
If you bought Microvast shares between October 19, 2022 and November 20, 2023, and you suffered a significant loss on that investment, you are encouraged to discuss your legal rights by contacting Corey Holzer, Esq. at cholzer@holzerlaw.com, by toll-free telephone at (888) 508-6832 or you may visit the firm’s website at https://holzerlaw.com/case/microvast/ to learn more.
The deadline to ask the court to be appointed lead plaintiff in the case is February 5, 2024.
Holzer & Holzer, LLC, an ISS top rated securities litigation law firm for 2021 and 2022, dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. Since its founding in 2000, Holzer & Holzer attorneys have played critical roles in recovering hundreds of millions of dollars for shareholders victimized by fraud and other corporate misconduct. More information about the firm is available through its website, www.holzerlaw.com, and upon request from the firm. Holzer & Holzer, LLC has paid for the dissemination of this promotional communication, and Corey Holzer is the attorney responsible for its content.
CONTACT:
Corey Holzer, Esq.
(888) 508-6832 (toll-free)
cholzer@holzerlaw.com
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