VFS DEADLINE ALERT: ROSEN, GLOBAL INVESTOR COUNSEL, encourages investors in VinFast Auto Ltd. (formerly Black Spade Acquisition Co.) to seek legal counsel ahead of important June 11 deadline in securities class action lawsuit with extended class action period – VFS

NEW YORK, June 4, 2024 /PRNewswire/ —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of VinFast Auto Ltd., formerly known as Black Spade Acquisition Co. (NASDAQ: VFS): (i) pursuant to and/or traceable to the prospectus and registration statement (the “Offering Documents”) issued in connection with the merger of the Company on August 14, 2023 (“Merger”); and/or (ii) between August 15, 2023 and April 17, 2024, both dates inclusive (the “Litigation Period”), of the important June 11, 2024 Deadline for Lead Plaintiff.

SO WHAT: If you purchased VinFast securities during the Class Period, you may be entitled to compensation without payment of any out-of-pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the VinFast class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=24144 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information about the class action lawsuit. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court by 11 June 2024 at the latestA lead plaintiff is a representative party directing the litigation on behalf of other class members.

WHY ROSEN LAW: We encourage investors to select qualified advisors with a track record of success in senior leadership roles. Often, the firms issuing the advertisements do not have comparable experience, resources or significant recognition from their peers. Many of these firms do not actually litigate securities class action lawsuits, but rather act as intermediaries, referring clients or working with law firms that actually litigate the cases in court. Choose your lawyer wisely. The Rosen Law Firm represents investors around the world and focuses on class action and shareholder litigation. The Rosen Law Firm has achieved the largest securities class action settlement against a Chinese company. The Rosen Law Firm was ranked No. 1 by ISS Securities Class Action Services in 2017 for number of securities class action settlements. The firm has been ranked in the top four every year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone, the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named a Titan of Plaintiffs’ Bar by law360. Many of the firm’s attorneys have received awards from Lawdragon and Super Lawyers.

CASE DETAILS: According to the complaint, the offering documents and defendants made false and/or misleading statements and/or failed to disclose that: (1) VinFast did not have sufficient capital to execute its purported growth strategy; (2) VinFast would not be able to meet its 2023 delivery targets; (3) VinFast had accordingly overstated the strength of its business model and operating capabilities, as well as its post-merger business and/or financial prospects; and (4) as a result, throughout the Class Period, the offering documents and defendants’ public statements were materially false and/or misleading and failed to contain required disclosures. When the true details became available to the market, investors suffered harm, according to the complaint.

To join the VinFast class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=24144 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information about the class action lawsuit.

No class action has been certified. Until a class action is certified, you will not be represented by counsel unless you hire one. You may select counsel of your choice. You may also remain as an absent class member and take no action at this time. An investor’s ability to share in any potential future recovery is not dependent on serving as lead plaintiff.

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Contact information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Law Firm of Rosen, PA
275 Madison Avenue, 40th floor
New York, NY 10016
Phone: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com

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Source: The Rosen Law Firm, PA