FutureFuel(US:FF) GlobeNewswire News Roomยท2024-07-26 15:50Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against FutureFuel Corp due to alleged misleading statements and financial misstatements that have resulted in investor losses [2][4]. Group 1: Legal Investigation and Class Action - A federal securities class action has been filed against FutureFuel, with a deadline of August 23, 2024, for investors to seek the role of lead plaintiff [2]. - Investors who suffered losses exceeding $50,000 between August 10, 2023, and May 10, 2024, are encouraged to contact the law firm to discuss their legal rights [1][2]. Group 2: Allegations Against FutureFuel - The lawsuit claims that FutureFuel lacked adequate internal controls, and its financial statements were misstated, leading to materially false and misleading statements about its business and operations [4]. - On May 10, 2024, FutureFuel disclosed errors in its previously issued financial statements, which included cash flow statements for the year ended December 31, 2023, and for the nine months ended September 30, 2023 [5]. Group 3: Market Reaction - Following the disclosure of financial statement errors, FutureFuel's stock price fell by $0.47, or 8.54%, closing at $5.03 per share on May 13, 2024 [5].