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Faraday Future Takes Action in Response to Recent Suspected Illegal Market Manipulation by Hua Qixin and Continues to Collect Evidence

Faraday Future Intelligent Electric Inc. - Class A (FFAI) 
Company Research Source: Business Wire
The Company has issued demand letters to multiple relevant platforms, requesting the preservation of evidence and cooperation with legal investigations. One of the biggest platforms has responded by proactively removing alleged false information.The Company has engaged global law firm Paul Hastings LLP to evaluate its legal options.The Company is reviewing evidence related to suspected illegal market manipulation. LOS ANGELES--(BUSINESS WIRE)--Faraday Future Intelligent Electric Inc. (Nasdaq FFAI) (“Faraday Future,” “FF,” or the “Company”), a California-based global Embodied AI (EAI) ecosystem company, today announced that it has taken action in response to recently identified suspected illegal market manipulation through the dissemination of false and misleading information intended to disrupt the market.The Company recently became aware that a user going by the name of Hua Qixin and his organization was allegedly disseminating knowingly false statements, spreading knowingly misle Show less Read more
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