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Law firm probes Microvast over alleged hidden grant loss and fake sales claims

Market News
09 Oct 2026
PRNewsWire
View Source
Bearish
Law firm probes Microvast over alleged hidden grant loss and fake sales claims

Kahn Swick & Foti, LLC, led by former Louisiana Attorney General Charles C. Foti, Jr., is investigating Microvast Holdings following allegations that the company concealed the loss of a $200 million U.S. Department of Energy grant and inflated sales figures. A report accused Microvast of having inactive Chinese facilities and dubious sales, leading to a securities class action lawsuit that is moving forward after a partial denial of the company's dismissal motion. The investigation focuses on potential breaches of fiduciary duties and securities laws by Microvast's officers and directors. Investors with information or concerns about their rights are encouraged to contact the law firm for assistance.

Microvast Holdings investigation news is presented with a snapshot of the Technology sector on Pluang. For readers following Technology stocks, here is Pluang's market snapshot as of Oct 10, 2026 06:41 WIB: out of 150 priced US Technology stocks, 100 rose and 49 fell. Notable movers include DDOG at USD 292.89 with a 6.97% increase and a typical hold time of 76 days, VNET at USD 5.53 up 6.96% with a 16-day hold time and a strong buy order activity of 92%, and HPQ at USD 30.20 down 6.91% with a 69-day hold time and 73% buy orders.

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