Faraday Future: Takes Decisive Action Against Wolfpack's Baseless Short-Selling Report, Safeguards Shareholders' Rights
1 week ago / Read about 0 minute
Author:小编   

On September 12, Faraday Future (FFIE.O) released a statement via its official WeChat account, vehemently denouncing the malicious short-selling report published by Wolfpack Research, a short-selling entity. The statement asserted that the content of the report was not only factually incorrect but also logically flawed. It further alleged that the report's underlying motive was to manipulate stock prices for illicit gains, thereby causing significant harm to the company's and its shareholders' interests.

In response to this unfounded attack, Faraday Future has enlisted the services of the renowned law firm Paul Hastings LLP to aid in managing the situation. The company has formally demanded that Wolfpack Research cease its infringing activities. Moreover, Faraday Future is set to promptly initiate legal action to defend the legitimate rights and interests of both the company and its shareholders, ensuring that such baseless accusations do not go unchallenged.