Pomerantz LLP has filed a class action lawsuit against Microvast Holdings, Inc. and certain officers on behalf of investors who purchased Microvast securities between April 1, 2025 and March 16, 2026. The suit, filed in the United States District Court for the Southern District of Texas, Houston Division, alleges that the company made materially false and misleading statements about its business, operations, and compliance policies. Specifically, the complaint claims Microvast overstated its ability to reach margin targets and complete the Huzhou Phase 3.2 expansion by the end of 2025, while failing to disclose inventory management issues and customer rollout delays. The lawsuit follows a series of disclosures that caused Microvast's stock price to drop, including a short seller report in June 2025, the departure of its CFO in August 2025, and disappointing financial results in November 2025 and March 2026. Investors have until September 21, 2026 to seek appointment as lead plaintiff.
Microvast Holdings IncClass action lawsuit alleging securities fraud and misleading statements about business operations and compliance.