THE LAWSUIT: A class action securities lawsuit was filed against Ford Motor Company (F) that seeks to recover losses of Ford shareholders who were adversely affected by alleged securities fraud between April 27, 2022 and July 24, 2024
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CASE DETAILS: Ford released its second quarter earnings on July 25, 2024, falls far short of analyst estimates. According to an AP report, “Ryan Brinkman of JPMorgan said in an analyst note that the weaker-than-expected quarterly profit was surprising, particularly when General Motors reported a strong performance a day earlier. Brinkman outpointed that warranty costs were the culprit at Ford, which were above his expectation for flat to lower costs sequentially.” Following this news, shares of Ford dropped over 17% in intraday trading.
WHAT’S NEXT? If you suffered a loss in Ford stock during the relevant time frame – even if you still hold your shares – go to https://zlk.com/pslra-1/ford-lawsuit-submission-form?wire=18 to learn about your rights to seek a recovery. There is no cost or obligation to participate.
WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services’ Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
https://zlk.com/
