Sep 29, 2024, 8:40 AM
Sep 29, 2024, 8:40 AM

Investors Investigate Ford Motor Company Losses Amid Ongoing Deadline

Provocative
Highlights
  • Faruqi & Faruqi, LLP is investigating claims against Ford Motor Company for potential securities law violations.
  • The investigation follows Ford's announcement of increased warranty costs and a significant drop in share price on July 25, 2024.
  • Investors who suffered losses exceeding $100,000 are encouraged to contact the firm before the October 7, 2024 deadline.
Story

Faruqi & Faruqi, LLP is investigating potential claims against Ford Motor Company following significant financial losses reported by the company. Between April 27, 2022, and July 24, 2024, investors who suffered losses exceeding $100,000 are encouraged to contact the firm. The investigation stems from allegations that Ford misled investors regarding its vehicle quality assurance, resulting in higher warranty costs and a negative impact on profitability. On July 24, 2024, Ford disclosed that its second quarter financial results were adversely affected by increased warranty reserves, leading to a substantial drop in share price. The firm is also seeking information from whistleblowers and former employees to support the investigation. The deadline for investors to seek the role of lead plaintiff in a federal securities class action is October 7, 2024.

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