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FUTUREFUEL CORP. ANNOUNCEMENT: If You Have Suffered Losses in FutureFuel Corp. Company (NYSE: FF), You Are Encouraged to Contact The Rosen Law Firm About Your Rights
FFFutureFuel(FF) GlobeNewswire News Room·2024-06-20 17:41

Core Viewpoint - FutureFuel Corp. disclosed errors in its previously issued financial statements, leading to a significant drop in its stock price and potential class action lawsuits from investors [5][2][7]. Group 1: Financial Disclosure - On May 10, 2024, FutureFuel announced that its management and audit committee determined that certain financial statements, specifically cash flow statements for the years ended December 31, 2023, and for the nine months ended September 30, 2023, contained errors and should be restated [5]. - The stock price of FutureFuel fell by 0.47pershare,or8.540.47 per share, or 8.54%, closing at 5.03 per share on May 13, 2024, following the announcement [2]. Group 2: Legal Actions - The Rosen Law Firm is preparing a class action lawsuit on behalf of FutureFuel shareholders, claiming that the company may have issued materially misleading business information [4][7]. - Investors who purchased FutureFuel securities may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [4]. Group 3: Law Firm Background - The Rosen Law Firm has a strong track record in securities class actions, having achieved the largest settlement against a Chinese company and being ranked highly for securities class action settlements since 2013 [5]. - In 2019, the firm secured over $438 million for investors, showcasing its capability in recovering significant amounts for its clients [5].