Case Summary
Ford
NYSE: F
Case Details
- Guzman v. Ford Motor Company et al.
- Class Period:April 27, 2022 - July 24, 2024
- Date Filed:August 08, 2024
- Jurisdiction:U.S. District Court, Eastern District of Michigan
- Docket Number: 2:24-cv-12080
- Lead Plaintiff Deadline: October 7, 2024
Seek Plaintiff 29
Overview
A class action lawsuit has been filed against Ford Motor Company (“Ford” or the “Company”) (NYSE: F) and certain of the Company’s former senior executive officers alleging violations of the federal securities laws. The Ford class action lawsuit is brought on behalf of all persons and entities who purchased or otherwise acquired Ford securities between April 27, 2022, and July 24, 2024, both dates inclusive (the “Class Period”). Investors have until October 7, 2024, to seek appointment as lead plaintiff of the Ford class action lawsuit.
Ford is an automotive manufacturing company that develops, delivers, and services a range of trucks, cars, and luxury vehicles worldwide.
The Ford class action lawsuit alleges that Defendants, throughout the Class Period, made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) the Company had deficiencies in its quality assurance of vehicle models since 2022; (2) as a result, the Company was experiencing higher warranty costs; (3) the Company’s warranty reserves did not accurately reflect the quality issues in vehicles sold since 2022; (4) as a result, the Company’s profitability was reasonably likely to suffer; and (5) 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.
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If you purchased or otherwise acquired Ford securities between April 27, 2022, and July 24, 2024, both dates inclusive, and you wish to serve as lead plaintiff in this lawsuit, we encourage you to submit your information to DiCello Levitt LLP via the form on this page.
You can also contact DiCello Levitt partner Brian O’Mara by calling (888) 287-9005 or at investors@dicellolevitt.com.
The deadline to apply to the Court to serve as a lead plaintiff in the Ford class action lawsuit is October 7, 2024.