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Stock impact report

VinFast shareholders file federal lawsuit against NC-bound carmaker. Here's the claim [Yahoo! Finance]

Ford Motor Company (F) 
Last ford motor company earnings: 4/28 04:09 pm Check Earnings Report
US:NYSE Investor Relations: shareholder.ford.com
Company Research Source: Yahoo! Finance
For a moment last summer, VinFast was among the world's most valuable car companies. A new Vietnamese electric vehicle maker with major ambitions in North Carolina, VinFast went public on Aug. 15 and immediately turned heads when it finished its market debut worth more than Ford or General Motors. Then its stock price kept rising: On Aug. 28, a share of VinFast peaked at $93, making it the third-highest valued automaker after Tesla and Toyota. On Wednesday, a VinFast share could be bought for an all-time low of $2.62. This price plunge hasn't shocked those who doubted the stock of an unproven, loss-making manufacturer. VinFast reached the market via a special purpose acquisition company, or SPAC, a shell entity that serves as a channel for a private company to gain a public listing. SPAC listings frequently underperform their standard initial listings of $10 a share says Michael Ohlrogge, a New York University law professor who studies corporate governance and financial regulat Show less Read more
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