Comprehensive Finance and Caixin.
com reported that Ideal Automobile was recently brought to court by investors in a class action lawsuit in the United States.
Ideal Automobile stated that the accusation is groundless and will do its best to protect the rights and interests of the company and shareholders.
According to reports, Ideal Automobile was brought to court by investors in the United States and was accused of allegedly exaggerating and making false statements about “market demand for vehicles and the effectiveness of operating strategies” during the release of MEGA.
The investors who sued believed that Ideal would not be able to meet its delivery expectations for the first quarter of 2024, which would in turn have a significant negative impact on Ideal’s share price and cause losses to investors.
On May 15, Beijing lawyer Hao Junbo said that investors had filed a lawsuit against Ideal Automobile and some executives for securities fraud in a U.S. court.
He released information publicly soliciting investors to participate in free class actions.
The litigation period of this case is from February 26 to March 20, 2024.
, 
, Ideal Automobile said that there is indeed a related lawsuit, but this accusation is groundless and will do its best to protect the interests of the company and shareholders.
According to public information, as of May 15, the share price of Ideal Auto U.S. stocks has dropped by 43.
5% compared with the beginning of Ideal MEGA’s listing on March 1, and its market value has dropped by nearly US$20 billion.
On May 15, after U.S. stocks closed, Ideal Automobile closed at US$25.
92/share.
The origin of the incident was that Ideal MEGA failed to meet expectations.
It is no longer controversial that Ideal MEGA has become one of the major waterfalls for Li Xiang to build a car.
, including Li Xiang himself, has also reflected on it,”We mistakenly regarded the ‘0 to 1’ stage of the ideal MEGA as the ‘1 to 10’ stage of operation.
Ideal MEGA and high-voltage pure electricity must go through a ‘from 0 to 1’ stage similar to Ideal ONE and Extended Range Electric.
They cannot have ‘from 1 to 10’ operating potential as soon as they are launched like the Ideal L Series.
“, Relevant sources said that such lawsuits are common in the United States.
Generally speaking, when the stock price of a listed company falls, a law firm will organize investors to collectively initiate such lawsuits to claim compensation from the company.
Regarding the latest development of the case, lawyer Hao Junbo said,”There are already investors suing in the United States, and some new investors are currently contacting us, hoping to join this lawsuit.
” According to Lawyer Hao Junbo, according to historical data, some research institutions have calculated that about 50% of securities litigation cases filed in the past have obtained claims.
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