FISKER SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Fisker Inc. – FSR

NEW ORLEANS, Dec. 1, 2023 /PRNewswire/ — ClaimsFiler, a FREE shareholder information service, reminds investors that they have until January 26, 2024 to file lead plaintiff applications in a securities class action lawsuit against Fisker Inc. (NYSE: FSR), if they purchased or otherwise acquired the Company’s securities between August 4, 2023 and November 20, 2023, inclusive (the “Class Period”). This action is pending in the United States District Court for the Central District of California.

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Fisker investors should visit us at https://claimsfiler.com/cases/nyse-fsr/ or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.

About the Lawsuit

Fisker and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws. 

On November 13, 2023, the Company announced its 3Q 2023 financial results, disclosing among other things, a loss of $91.0 million and a $0.27 loss per share, a cut to its production forecast for the year, and also that it would be unable to timely file its Quarterly Report for the quarter ended September 30, 2023 due to material weaknesses in internal control over financial reporting. On this news, the price of Fisker’s shares plummeted by $0.77, or 18.7%, to close at $3.34 per share on November 14, 2023, on unusually heavy trading volume.

Then, on November 20, 2023, the Company disclosed the departure of its chief accounting officer, recently hired on November 6, 2023. On this news, the price of Fisker’s shares plummeted by $0.35, or 15%, to close at $2.00 per share on November 21, 2023, on unusually heavy trading volume.

The case is Zahabi v. Fisker Inc., et al., 23-cv-09976.

About ClaimsFiler

ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.

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SOURCE ClaimsFiler