SHAREHOLDER ALERT: Levi & Korsinsky Notifies Microvast Holdings, Inc.(MVST) Investors of a Class Action Lawsuit and Upcoming Deadline

Microvast Holdings, Inc. - Common Stock -7.58%

Microvast Holdings, Inc. - Common Stock

MVST

0.35

-7.58%

NEW YORK, Jan. 30, 2024 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Microvast Holdings, Inc. ("Microvast" or the "Company") (NASDAQ: MVST) of a class action securities lawsuit.

Levi & Korsinsky, LLP (PRNewsfoto/Levi & Korsinsky, LLP)

CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Microvast investors who were adversely affected by alleged securities fraud between October 19, 2022 and November 20, 2023. Follow the link below to get more information and be contacted by a member of our team:

https://zlk.com/pslra-1/microvast-lawsuit-submission-form?prid=65133&wire=4

MVST investors may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.

CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (1) there was a reasonable likelihood that, after due diligence was performed, Microvast would not be awarded the proposed $200 million grant from the United States Department of Energy; (2) negotiations had ceased and the grant rescinded; (3) the Company misrepresented the nature and profitability of its businesses and partnerships; and (4) as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

WHAT'S NEXT? If you suffered a loss in Microvast during the relevant time frame, you have until February 5, 2024 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.

WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

Ed Korsinsky, Esq.

33 Whitehall Street, 17th Floor

New York, NY 10004

jlevi@levikorsinsky.com

Tel: (212) 363-7500

Fax: (212) 363-7171

www.zlk.com

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SOURCE Levi & Korsinsky, LLP

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