FORD FRAUD ALERT: BFA Act Warns Ford Motor Company Investors Who Suffered Losses to Contact the Company Before the October 7 Class Action Deadline

New York, New York–(Newsfile Corp. – September 26, 2024) – Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against Ford Motor Company (NYSE: F) and certain of the company’s senior executives.

If you have invested in Ford, you can obtain additional information by visiting our website https://www.bfalaw.com/cases-investigations/ford-motor-company.

Investors have until October 7, 2024 to request the Court’s appointment to preside over the case. The complaint alleges claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Ford securities. The case is pending in the US District Court for the Eastern District of Michigan and is subtitled Guzman v. Ford Motor Company, et al.no. 24-cv-12080.

What is the lawsuit about?

Ford is an automotive manufacturing company that develops, supplies and services a range of trucks, cars and luxury vehicles worldwide. The complaint alleges that the company misrepresented its warranty reserves during the relevant period and implemented a series of organizational changes designed to ensure higher quality and lower costs. In reality, Ford faced higher warranty costs, and its warranty reserves did not accurately reflect the quality issues in its vehicles.

On July 24, 2024, after the market closed, Ford announced its second quarter 2024 financial results (the “2Q24 Press Release”). The Q2 24 press release showed that the company’s “(p)rofitability was impacted by an increase in warranty reserves” and “higher warranty costs.” It was reported that Ford’s warranty and recall costs totaled $2.3 billion in the second quarter, $800 million more than in the first quarter and $700 million more than a year ago. This news caused Ford’s stock price to drop $2.51 per share, or more than 18%, to close at $11.16 per share on July 25, 2024.

Click here if you have suffered damage: https://www.bfalaw.com/cases-investigations/ford-motor-company.

What can you do?

If you have invested in Ford, you have rights and are encouraged to submit your information to speak to an attorney.

All representation is on a contingency fee basis, there are no costs involved for you. Shareholders are not responsible for any legal fees or costs of proceedings. The office will seek court approval for any fees and costs. Send your details to:

https://www.bfalaw.com/cases-investigations/ford-motor-company

Why Bleichmar Fonti & Auld LLP?

Bleichmar Fonti & Auld LLP is a leading international law firm representing plaintiffs in securities class actions and shareholder disputes. It was named one of the top 5 plaintiffs’ law firms by ISS SCAS in 2023 and its lawyers have been named Titans of the Plaintiffs’ Bar by Law360 and SuperLawyers by Thompson Reuters. Among recent notable successes, BFA has recovered more than $900 million in value from the Board of Directors of Tesla, Inc. (pending court approval), as well as $420 million from Teva Pharmaceutical Ind. Ltd.

For more information about BFA and its attorneys, please visit https://www.bfalaw.com.

https://www.bfalaw.com/cases-investigations/ford-motor-company

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/224722