Rosen Law Firm Advocates for VinFast Auto Ltd. Investors Pre-Deadline in Class Action

NEW YORK, April 25, 2024 - Rosen Law Firm, renowned globally for championing investor rights, is issuing a reminder to shareholders of VinFast Auto Ltd. VFS, formerly known as Black Spade Acquisition Co., about the looming deadline to seek a legal advocate in the securities class action pending against the company. This call to action relates particularly to investors who purchased securities pursuant, or traceable, to the company's prospectus and registration statement issued in relation to the Offering.

Understanding the Allegations

Investors' concerns are rooted in potential inaccuracies and omissions within VinFast Auto Ltd.'s financial statements, registration statement, and prospectus tied to the firm's initial public offering (IPO). These documents are crucial as they are meant to provide a transparent and truthful look into the company's financial status before potential investors commit their funds. Rosen Law Firm aims to ensure that VinFast adhered to the legal obligations of thorough disclosure, and where it failed, investors seek retribution for their losses.

VinFast Auto Ltd.'s Market Influence

VinFast Auto Ltd. VFS, operating primarily in Vietnam and expanding into the United States, occupies a unique position in the automotive manufacturing and e-scooter markets. The claim, spearheaded by Rosen Law Firm, thus not only highlights potential financial mishandlings but also casts a spotlight on corporate accountability in emerging markets and the broader automotive industry.

Next Steps for Investors

Investors are being persuaded to stand up for their rights and connect with counsel before the deadline. By doing so, they can partake in the class action against VinFast Auto Ltd. and potentially recover investment losses that were incurred due to the company's alleged wrongful acts and omissions. The class action seeks to gather all concerned investors under a unified legal front to assert their interests against the automotive manufacturer.

Rosen, VinFast, Securities