(800) 429-3205

Submit Your Information for the VinFast Auto Lawsuit

Lead plaintiff deadline is June 11, 2024.

If you purchased or acquired VinFast Auto securities between August 15, 2023 and January 17, 2024, please contact Berger Montague using the form below.

Please view our terms of use policy and our privacy policy.

First Name *

Last Name *

Email *

Phone Number *

Address

City

Zip

State

Are you a current or former employee of VinFast Auto?

How many shares did you purchase? Please provide ALL transactions.

What dates did you purchase? Please provide ALL dates.

What was the price per share when you purchased? Please provide ALL prices.

Terms of Use *

I agree to the terms of service

Subscribe

I would like to receive updates from Berger Montague

Thank you! Your form has been successfully submitted.

About the Lawsuit

Leading up to and following its merger with Black Spade (the "Merger"), VinFast repeatedly represented that the Company was focused on “achieving operational efficiency and technological integration” and “continuously improv[ing] [its] processes to deliver world-class products.” Indeed, in the Offering Documents for the Merger and in other public statements, the defendants misrepresented and/or failed to disclose that: (i) VinFast lacked sufficient capital to execute its purported growth strategy; (ii) VinFast would be unable to meet its 2023 delivery targets; and (iii) accordingly, VinFast had overstated the strength of its business model and operational capabilities, as well as its post-Merger business and/or financial prospects.

On October 15, 2023, Bloomberg published an article entitled “VinFast to Expand Into Southeast Asia, Raise More Capital.” The article discussed the Company’s plans to aggressively move into Southeast Asian markets and revealed that, according to VinFast’s Chief Executive Officer, the Company would need to raise “a lot of capital” in order to fuel its global expansion plans and would rely on its parent company for financial support for the next 18 months.

On this news, VinFast’s share price fell $1.45 per share, or 18.17%, to close at $6.53 per share on October 16, 2023.

Then, on January 18, 2024, VinFast issued a press release announcing its Fourth Quarter 2023 deliveries. The press release revealed that the Company delivered a total of 34,855 EVs in 2023, falling well short of its annual deliveries target of 40,000-50,000 units. In response, several market analysts commented on the Company’s disappointing announcement.

On this news, VinFast’s shares fell $0.13 per share, or 2.25%, to close at $5.64 per share on January 18, 2024, representing a total decline of 84.78% from the Company’s first post-Merger closing stock price of $37.06 per share on August 15, 2023.

Investors who purchased or acquired VinFast securities between August 15, 2023 and January 17, 2024, may no later than June 11, 2024, seek to be appointed as a lead plaintiff representative of the class.