Recent Security Class Actions

Fisker Inc. Class A Common Stock (NYSE: FSR)

Company Name:Fisker Inc. Class A Common Stock
Stock Symbol:NYSE: FSR
Class Period Start:08/04/2023
Class Period End (inclusive):11/20/2023
Filing Deadline:01/26/2024

According to the complaint, 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, Defendants failed to disclose to investors: (1) that Fisker had a material weakness in its internal control over financial reporting; (2) that Fisker had incorrectly accounted for certain costs; (3) that as a result the Company was likely to delay filing its quarterly report; (4) that Fisker’s infrastructure was limiting its ability to deliver its production; and (5) 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.