LOS ANGELES, CA / ACCESSWIRE / October 18, 2021 /The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors ofFaraday Future Intelligent Electric Inc. ("Faraday Future" or "the Company") (NASDAQ:FFIE) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Faraday Future is the subject of a report published by J Capital Research on October 7, 2021. The report makes multiple allegations about the Company, including: "failed to deliver a car," "has reneged on promises to build factories in five localities in the U.S. and China," "is being sued by dozens of unpaid suppliers," and "has failed to disclose that assets in China have been frozen by courts." The report claims that Faraday Future is unlikely to ever sell a car to a consumer.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
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SOURCE: The Schall Law Firm
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