• VinFast Auto Ltd. f/k/a Black Spade Acquisition Co. Sued for Securities Law Violations

    The Gross Law Firm issues the following notice to shareholders of VinFast Auto Ltd. f/k/a Black Spade Acquisition Co. (NASDAQ: VFS).

    Shareholders who purchased shares of VFS during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.

    CONTACT US HERE:

    CLASS PERIOD: August 15, 2023 to January 17, 2024

    ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (i) VinFast lacked sufficient capital to execute its purported growth strategy; (ii) VinFast would be unable to meet its 2023 delivery targets; (iii) accordingly, VinFast had overstated the strength of its business model and operational capabilities, as well as its post- merger business and/or financial prospects; and (iv) as a result, the offering documents and defendants’ public statements throughout the class period were materially false and/or misleading and failed to state information required to be stated therein.

    DEADLINE: June 11, 2024 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/vinfast-auto-ltd-f-k-a-black-spade-acquisition-co-loss-submission-form/?id=78979&from=4

    NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of VFS during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is June 11, 2024. There is no cost or obligation to you to participate in this case.

    WHY GROSS LAW FIRM? The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company’s stock. Attorney advertising. Prior results do not guarantee similar outcomes.

  • Automated Vehicle Safety Consortium Introduces New Director – News

    The Automated Vehicle Safety Consortium™ (AVSC) is proud to introduce Amy Chu as the new Director of the consortium. With nearly 20 years of automotive experience, Amy will work with AVSC members and stakeholders to achieve the consortium’s goals.

    “Successfully advancing our industry toward safe and trustworthy automated driving systems will require coordination, collaboration and commitment from our complex automotive ecosystem,” said Amy Chu, director of the AVSC. “I am excited to embark on this new journey with the AVSC and bring industry together to achieve these goals.”

    Amy carries extensive experience in automotive product delivery and execution, leading cross-functional teams from ideation to launch. Most recently, Amy served as the Senior Director of Harman’s Automotive Cybersecurity Center of Excellence, aligning product development policies and process with cybersecurity best practices and global standards. She also held a top leadership role within the Automotive Information Sharing Analysis Center (Auto-ISAC), an industry-driven member community to enhance vehicle cybersecurity capabilities across the global automotive industry.

    Before leading the cybersecurity initiative at Harman, Amy led project management for Harman’s CTO, managing the technology innovation pipeline for the Automotive Division. She has also held leadership and engineering roles with Magna Electronics and Tellabs, Inc.

    “Amy adds another expert voice and point of view to our consortium. Bringing on someone of Amy’s caliber will allow AVSC to mature as an organization and continue to address the most pressing issues around ADS development, test, and deployment,” said Dr. Edward Straub, executive director of the AVSC.

    Amy holds a Bachelor of Science in electrical engineering from Michigan State University.

    To learn more about the AVSC, please visit: https://avsc.sae-itc.org/.

    The Automated Vehicle Safety Consortium™ (AVSC) is an industry program of SAE Industry Technologies Consortia (SAE ITC®) building on principles that will inform and help lead to industrywide standards for advancing automated driving systems. The members of this consortium have long been focused on the development of safe, reliable and high-quality vehicles, and are committed to applying these same principles to SAE Level 4 and Level 5 automated vehicles so communities, government entities and the public can be confident that these vehicles will be deployed safely.