INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Faraday Future Intelligent Electric Inc. and Encourages Investors with Losses to Contact the Firm
October 08, 2021 at 15:48 PM EDT
The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Faraday 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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