LOS ANGELES, Dec. 31, 2021 /PRNewswire/ — The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Faraday Future Intelligent Electric Inc. f/k/a Property Solutions Acquisition Corp. (“Faraday Future” or “the Company”) (NASDAQ: FFIE), (NASDAQ: FFIEW), (NASDAQ: PSAC), (NASDAQ: PSACW), (NASDAQ: PSACU) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company’s securities between January 28, 2021 and November 15, 2021, inclusive (the ”Class Period”), are encouraged to contact the firm before February 22, 2022.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at [email protected].
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.
According to the Complaint, the Company made false and misleading statements to the market. Faraday Future suffered from certain assets in China being frozen by a court. A significant percentage of the Company’s deposits for future deliveries were related to an undisclosed affiliate. The Company misrepresented how close its vehicles were to entering production. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Faraday Future, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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The Schall Law Firm
Brian Schall, Esq.,
SOURCE The Schall Law Firm