ANTD.VN - A representative of Vingroup said that VinFast is operating normally and transparently in the US. Litigation is completely normal here and the company has always been ready to face it since deciding to launch business activities in the US market.
On November 17, some information spread on social networks about two private law firms in the US, Robbins Gelleer Rudman & Dowd and Pomerantz, collecting information from clients to open an investigation into the possibility of violating US securities laws by VinFast Auto Company.
In particular, the two companies' calls for information focused on VinFast's senior leaders failing to announce important information or making misleading statements to investors.
The information was promoted to the public through the PR Newswire portal published by the two companies.
After this information, 3 Vin stocks plummeted, in which, VIC, VHM and VRE decreased by 6.4%; 5.4% and 4.4% respectively.
The crowd effect caused investors to rush to sell off, especially in the group of large-cap stocks, causing the stock market to be submerged in red, with the VN-Index falling by 24.34 points.
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VinFast confirms it is operating normally in the US |
Late afternoon of November 17, Vingroup representative responded to this information.
According to Ms. Ho Ngoc Lam - Head of Legal Department of Vingroup Corporation, and Deputy General Director in charge of Legal Department of VinFast Company, VinFast is currently operating completely normally in the US. At the same time, VinFast always aims to disclose transparent information to investors in the market.
“However, litigation is very normal and frequent in the US, so we are always ready to face this since deciding to carry out business activities in the US market,” said Ms. Ho Ngoc Lam.
The fact that Robbins Gelleer Rudman & Dowd and Pomerantz are calling for customers to file a lawsuit does not mean that VinFast has violated the law or has been sued in the US market.
In fact, this is just a form of client search that law firms in the US and some other countries often apply. The common method of law firms is to target big brands or listed companies, find a reason to launch a class action lawsuit and post a notice to find clients through advertising.
Also related to this issue, sharing on his personal page, expert Ho Quoc Tuan - Senior Lecturer and Director of the Master of Finance and Accounting Training Program at Bristol University, currently living in the US, said that calling for lawsuits in the US is very normal and what these law firms are doing is only finding evidence and advertising to find customers.
Before VinFast, many other big brands such as: Tesla, Lucid (electric vehicles), Amplitude (software development company), Morphic (biopharmaceutical company), Hormel (food development and processing company)... were also called upon by the above law firms to file lawsuits in a similar way.
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