Recent Security Class Actions

Microvast Holdings Inc. Common Stock (NASDAQ: MVST)

Company Name:Microvast Holdings Inc. Common Stock
Stock Symbol:NASDAQ: MVST
Class Period Start:10/19/2022
Class Period End (inclusive):04/01/2024
Filing Deadline:02/05/2024

The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, the Complaint alleges Defendants failed to disclose to investors: (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would not be awarded the Grant after due diligence was performed; (2) that negotiations had ceased and the Grant rescinded; (3) that the Company misrepresented the nature and profitability of its businesses and partnerships; and (4) that, as a result of the foregoing, Defendants’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.