Finance

Rosen Law Firm Urges VinFast Auto Investors to Act Before Deadline in Securities Class Action

Published May 19, 2024

New York, May 19, 2024 – The respected Rosen Law Firm, known for its global representation of investor rights, is issuing a reminder to shareholders of VinFast Auto Ltd., formerly known as Black Spade Acquisition Co., trading under the ticker VFS. The firm encourages investors who purchased securities during the initial offering to seek legal counsel prior to the impending deadline for the class action lawsuit.

Background of the Legal Action

The legal challenge arises from allegations that the company may have issued materially misleading business information to the investing public. This lawsuit is significant given VinFast Auto Ltd.'s prominent position as an automotive and e-scooter manufacturer with operations stretching from Vietnam to the United States.

Importance of Legal Counsel

Investors who acquired VinFast Auto Ltd. shares either through or traceable to the company's registration statement and prospectus ('the Offering') are advised to contact a legal representative. Doing so will ensure that their rights are protected and that they are appropriately included in the potential recovery resulting from the class action.

Rosen, VinFast, VFS