NEW YORK, Jan.9, 2022 / PRNewswire / –
WHY: Rosen Law Firm, a global investor rights law firm, reminds buyers of the securities of Faraday Future Intelligent Electric, Inc. f / k / a Property Solutions Acquisition Corp. (NASDAQ: FFIE), (NASDAQ: FFIEW), (NASDAQ: PSAC), (NASDAQ: PSACW), (NASDAQ: PSACU) between January 28, 2021 and November 15, 2021 inclusive (the âRecourse Periodâ) of the important deadline of February 22, 2022 for the principal applicant.
AND WHAT: If you purchased Faraday Future securities during the Class Period, you may be entitled to compensation without payment of any fees or charges through a contingency fee agreement.
WHAT TO DO NEXT: To join the Faraday Future class action lawsuit, go to http://www.rosenlegal.com/cases-register-2206.html or call Phillip Kim, Esq. toll free at 866-767-3653 or by emailing [email protected] or [email protected] for information on the class action. A class action has already been filed. If you wish to act as the principal plaintiff, you must apply to the Court no later than February 22, 2022. A principal plaintiff is a representative party acting on behalf of the other members of the group to direct the litigation.
WHY ROSEN LAW: We encourage investors to select qualified advisors with a track record of success in leadership roles. Often, companies providing reviews do not have comparable experience, resources or peer recognition. Many of these companies do not actually litigate class actions in securities. Be wise in choosing a lawyer. Rosen law firm represents investors around the world, focusing its practice on class actions in securities and derivative litigation between shareholders. Rosen law firm has secured the largest securities class action settlement against a Chinese company. Rosen law firm was ranked # 1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. The firm has been ranked in the top 4 every year since 2013 and has recovered hundreds millions of dollars for investors. In 2019 alone, the company raised more than $ 438 million for investors. In 2020, founding partner Laurence Rosen was appointed by law360 as the Titan of Plaintiffs’ Bar. Many of the firm’s lawyers have been recognized by Lawdragon and Super Lawyers.
CASE DETAILS: According to the lawsuit, the Defendants throughout the Class Period made false and / or misleading statements and / or failed to disclose that: (1) Faraday Future had assets in China frozen by courts ; (2) a significant percentage of Faraday Future’s deposits for future deliveries were attributable to a single undisclosed subsidiary; (3) Faraday Future cars were not as close to production as the company claimed; (4) due to prior statements which were misleading and / or inaccurate, Faraday Future was unable to file its quarterly report in a timely manner; and (5) as a result of the foregoing, the defendants’ positive statements about the business, operations and prospects of Faraday Future were substantially misleading and / or lacked reasonable basis. When the real details entered the market, the lawsuit claims that investors have suffered damage.
To join the Faraday Future class action lawsuit, go to http://www.rosenlegal.com/cases-register-2206.html or call Phillip Kim, Esq. toll free at 866-767-3653 or by emailing [email protected] or [email protected] for information on the class action.
No class has been certified. Until a group is certified, you are not represented by a lawyer unless you hire one. You can choose the lawyer of your choice. You can also remain an absent group member and do nothing at this point. The ability of an investor to participate in any potential future payback does not depend on whether he is a principal applicant.
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Laurence Rosen, Esq.
Phillip Kim, Esq.
Rosen Law Firm, Pennsylvania
275 Madison Avenue, 40th Floor
New York, New York 10016
Phone. : (212) 686-1060
Toll free: (866) 767-3653
Fax: (212) 202-3827
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SOURCE Rosen Law Firm, PA
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