DEADLINE FOR INVESTORS APPROACHES: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Ford Motor Company Investors

James (Josh) Wilson, Securities Litigation Partner at Faruqi & Faruqi, LLP, encourages investors who suffered losses of more than $100,000 in Ford to contact him directly to discuss their options.

If you have suffered losses of more than $100,000 in ford between April 27, 2022 and July 24, 2024 and if you would like to discuss your legal rights, please call Faruqi & Faruqi Partner Josh Wilson direct bee 877-247-4292 or 212-983-9330 (extension 1310).

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New York, New York–(Newsfile Corp. – September 7, 2024) – Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Ford Motor Company (“Ford” or the “Company”) (NYSE: F) and reminds investors of the Deadline October 7, 2024 to serve as lead plaintiff in a federal securities class action lawsuit filed against the company.

Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.

As set forth below, the complaint alleges that the Company and its executives violated the federal securities laws by making false and/or misleading statements and/or failing to disclose: (1) that the Company had quality assurance deficiencies in vehicle models since 2022; (2) that the Company experienced increased warranty costs as a result; (3) that the Company’s warranty reserves did not accurately reflect the quality problems in vehicles sold since 2022; (4) that the Company’s profitability would reasonably be likely to suffer as a result; and (5) that 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 at all relevant times.

On July 24, 2024, after the market closed, Ford announced its second-quarter 2024 financial results, which showed that the company’s “profitability was impacted by an increase in warranty reserves” and “higher warranty costs.” As a result, the company also revised its full-year profit outlook for its electric vehicle segment to “reflect higher warranty costs than originally planned.” Analysts and journalists including The Associated Press and The Washington Post reported that warranty and recall costs totaled $2.3 billion in the second quarter, up $800 million from the first quarter and $700 million from a year earlier.

On this news, the company’s stock price fell $2.51, or 18.36%, to close at $11.16 per share on July 25, 2024, on unusually high trading volume.

The Court-appointed Lead Plaintiff is the investor with the largest financial interest in the relief sought by the class that is sufficient and typical of class members who direct and oversee the litigation on behalf of the putative class. Any member of the putative class may petition the Court to serve as Lead Plaintiff through counsel of their choosing, or may elect to do nothing and remain an absent class member. Your ability to share in any recovery will not be affected by the decision to serve as Lead Plaintiff.

Faruqi & Faruqi, LLP also encourages anyone with information about Ford’s conduct to contact the company, including whistleblowers, former employees, shareholders and others.

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To view the source version of this press release, visit https://www.newsfilecorp.com/release/222446