The PennZone

  • Home
  • Business
  • Non-profit
  • Health
  • Technology
  • Real Estate
  • Entertainment
  • Legal
  • Manufacturing

INVESTOR ALERT: Law Offices of Howard G. Smith Continues Its Investigation of Faraday Future Intelligent Electric Inc. (FFIE) on Behalf of Investors
The PennZone/10154420

Trending...
  • Michael Judkins Releases New Poetry Book, Deeper Than You Think
  • The Ms. Corporate America Maryland Competition Returns for an Unforgettable Evening of Leadership, Excellence, and Empowerment
  • Vehicledle Launches as Daily Puzzle Game for Car Enthusiasts
BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith continues its investigation on behalf of Faraday Future Intelligent Electric Inc. ("Faraday" or the "Company") (NASDAQ: FFIE) investors concerning the Company's possible violations of federal securities laws.

On October 7, 2021, J Capital Research published a report alleging, among other things, that Faraday is unlikely to ever sell a car, noting that after eight years in business, the Company has "failed to deliver a car," "has reneged on promises to build factories in five localities in the U.S. and China," "is being sued by dozens of unpaid suppliers," and "has failed to disclose that assets in China have been frozen by courts." Moreover, the report alleged that Faraday's claimed 14,000 deposits are fabricated because 78% of these reservations were made by a single undisclosed company that is likely an affiliate.

More on The PennZone
  • Wala Blegay to Announce Run for Congress in Maryland's 5th District on Feb. 4
  • IDI Consulting Launches IDI AI, Enterprise-Level AI Services Built for Production, Scale, and ROI
  • Luxury Lake-View Home Launches in Kissimmee's Bellalago community, Offering Privacy, Space, and Florida Resort-Style Living
  • Sleep Basil Launches Revamped Diamond Mattress Collection Page, Highlighting Performance, Craftsmanship, and Personalized Comfort
  • Sleep Basil Curates a Clearer Brooklyn Bedding Experience for Performance-Minded Denver Sleepers

On this news, the Company's stock price fell $0.35, or 4%, to close at $8.05 per share on October 7, 2021, thereby injuring investors.

Then, on November 15, 2021, after the market closed, Faraday stated that it could not timely file its third quarter 2021 quarterly report with the SEC because the Board was conducting an investigation of "allegations of inaccurate disclosures."

On this news, the Company's share price fell $0.28, or 3%, to close at $8.83 per share on November 16, 2021, thereby injuring investors further.

Then, on November 23, 2021, after the market closed, Faraday disclosed that it had received a notice from NASDAQ that it was not in compliance with listing requirements due to the failure to file its quarterly report.

On this news, the Company's share price fell sharply during intraday trading on November 24, 2021.

If you purchased Faraday securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.

More on The PennZone
  • Nevada Man Launches Nationwide Animal Abuse Registry
  • Star-powered Kappa Takeover Weekend Returns to the DMV June 18- 21, 2026, Hosted By Comedian Joe Clair W/ Dj Quick Silva (the Party Kingpin)
  • Scoop Social Co. Wins The Knot and WeddingWire Awards as Brand Expands Nationwide
  • Denise Murphy Lenci Promoted to Century Fasteners Corp. – General Manager, Northeast Sales
  • TiNY Puts Real Pets on the Payroll for New PetArmor Campaign

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com
Filed Under: Business

Show All News | Report Violation

0 Comments
1000 characters max.

Latest on The PennZone
  • Eagle Americas Expands Into the Western U.S. With High West Machine Tool
  • Desert Mountain Club Earns Prestigious Blue Zones Approved™ Triple Designation, a New Standard for Well-Being in a Luxury Lifestyle Community
  • Outsports announces record-breaking number of LGBTQ+ athletes at 2026 Milan Winter Olympics
  • Sheffield Clinic Highlights Safe, Inclusive Laser Hair Removal While Improving Access
  • Appliance EMT Partners with Kids Motel Ministry in Metro Atlanta
  • CNCPW Divulga Dados de Liquidez do 1º Trimestre: Confirma 100% de Reservas e Atualiza Protocolos de "Saque CNCPW" Contra Fluxos Ilícitos
  • Tech Workers Are Escaping "Forever Layoffs" By Becoming Their Own Boss
  • Michael Judkins Releases New Poetry Book, Deeper Than You Think
  • Heritage at South Brunswick Celebrates First Home Closing and Strong Sales Momentum
  • WinkBeds High-Performance Hybrid Mattresses Debut at Sleep Basil Denver With In-Store Comfort Testing
  • Tampa Nonprofit Expands Recovery Services for Men in Crisis With New Farm Program in Plant City
  • IYKYK! Coffee Lab Thriving in Huntington Beach, Blending Elevated Coffee, Matcha, Music, and Community
  • Accountants Near Me Cheyenne Opens U.S. Directory for Accountants, Bookkeepers and Tax Services
  • Sacred Surrogacy, CFC, and Egghelpers Launch Women's Retreats
  • The Eichelberger Performing Arts Center Donates Theatrical Lights to Delone Catholic High School
  • Moravian Academy Becomes First Pennsylvania School to Partner with Global Sustainability Institute
  • Stipenda Appoints David Epstein as Chief Operating Officer
  • Woven Wire Mesh as a Durable Filter Medium for Industrial Filtration Systems
  • FondoQuantaX Completes Core Trading Engine Upgrade: Refactoring High-Concurrency Architecture with AI Adaptive Algorithms to Navigate Market Extremes
  • As Paris Hilton Reclaims Her Icon Status, "Pretty Pop Star" Reemerges to Battle the Age of AI Music

Popular on PennZone

  • Mark Schork Selected As 'Board Observer' By Philadelphia Bar Foundation - 101
  • Pawprint Oxygen Turns Pet Safety Viral With "Pets Live Here" Window Decals — Helping First Responders Save Lives
  • Custom Home Builder Connecticut Valley Homes Wins 2025 Home of the Year from the Modular Home Builders Association
  • Bargeld Financial Launches Professional, Affordable Tax Preparation Services for the 2026 Tax Season
  • RNHA Affirms Support for President Trump as Nation Marks Historic Victory for Freedom
  • Food Journal Magazine Releases Its 'Best Food In Los Angeles Dining' Editorial Section
  • CCHR: Harvard Review Exposes Institutional Corruption in Global Mental Health
  • High-End Exterior House Painting in Boulder, Colorado
  • Yunishigawa Onsen's Annual "Kamakura Festival" will be held January 30 – March 1, 2026
  • Premium Bail Bonds Proudly Sponsors BOFAB BBQ Team at the 2026 Lakeland Pigfest

Similar on PennZone

  • Market Value Enhancement From 2 Important New US Patents Issued for Strengthening Hair Enzyme Booster Technology to Caring Brands (NAS DAQ: CABR)
  • Nevada Man Launches Nationwide Animal Abuse Registry
  • Scoop Social Co. Wins The Knot and WeddingWire Awards as Brand Expands Nationwide
  • Strategic Expansion with 3 New Alliances — Jefferson Beach Yacht Sales, CFR YS & flyExclusive Incentive Partnership: Off The Hook YS: (N Y S E: OTH)
  • Super League (N A S D A Q: SLE) Advances AI-Driven Playable Media with AdArcade, Solsten, and Meta-Stadiums Partnerships, Plus Roblox Theatre Launch
  • Good Vibes Club and Instant IP Forge Strategic Partnership to Secure IP Brand Value in a Booming Digital Economy
  • Inkdnylon Simplifies Digitizing and Vector Art Nationwide With Clear Pricing and Guided File Support
  • InspireTech Global and SKADI Cyber Defense Announce Strategic Partnership to Deliver Autonomous Cybersecurity to Canadian Education and Public Sector
  • Georgia's Lanier Islands Resort Tees Up for a New Era of Golf in Spring 2026
  • Tech Workers Are Escaping "Forever Layoffs" By Becoming Their Own Boss
Copyright © The PennZone | Theme: OMag by LilyTurf Themes
  • Contribute
  • Privacy Policy
  • Terms of Service
  • Contact Us