FutureFuel(US:FF) GlobeNewswire News Roomยท2024-08-02 15:05Core 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]. - The lawsuit claims that FutureFuel made false and misleading statements regarding its internal controls and financial statements, leading to investor damages when the truth was revealed [4]. Group 2: Financial Misstatements - On May 10, 2024, FutureFuel disclosed that certain previously issued financial statements contained errors and should be restated, specifically affecting cash flow statements for the year ended December 31, 2023, and the nine months ended September 30, 2023 [5]. - Following this disclosure, FutureFuel's stock price fell by $0.47, or 8.54%, closing at $5.03 per share on May 13, 2024 [5]. Group 3: Investor Communication - Faruqi & Faruqi encourages investors who suffered losses exceeding $50,000 between August 10, 2023, and May 10, 2024, to contact them for discussions regarding their legal rights [1]. - The firm is also seeking information from whistleblowers, former employees, and shareholders regarding FutureFuel's conduct [7].