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FORD ALERT: Bragar Eagel & Squire, P.C. is Investigating Ford Motor Company on Behalf of Ford Stockholders and Encourages Investors to Contact the Firm
Forward IndustriesForward Industries(US:FORD) GlobeNewswire News Room·2024-07-28 01:00

Core Viewpoint - Ford Motor Company is under investigation for potential violations of federal securities laws and unlawful business practices, following a significant drop in its stock price after disappointing financial results [4][5][7]. Group 1: Investigation Details - Bragar Eagel & Squire, P.C. is leading the investigation on behalf of Ford stockholders [4]. - The investigation focuses on whether Ford has engaged in unlawful business practices that may have harmed investors [4]. Group 2: Financial Performance - On July 24, 2024, Ford reported its second quarter financial results, which fell short of consensus estimates due to quality issues with new vehicles leading to increased warranty costs [7]. - Following the announcement of these results, Ford's stock price decreased by $2.51, or 18.4%, closing at $11.16 per share on July 25, 2024 [5].