Microvast Investigation Continued: Kahn Swick & Foti, LLC Continues to Investigate the Officers and Directors of Microvast Holdings, Inc. - MVST
Kahn Swick & Foti announced it is continuing an investigation into whether Microvast Holdings officers and directors breached fiduciary duties, and is soliciting long-term shareholders to discuss legal rights at no cost. The investigation stems from a November 2023 J Capital short report alleging Microvast hid the loss of a proposed $200 million DOE grant and that much of its reported sales and backlog may be fake.
Key figures
- Doe grant alleged
- $200 million
- Chinese customer revenue share alleged
- 57%
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