Core Viewpoint - A class action lawsuit has been filed against Gauzy Ltd. for securities fraud, alleging that the company made misleading statements and failed to disclose material adverse facts about its financial condition and operations during the specified class period [1][5]. Summary by Sections Lawsuit Details - The lawsuit is filed in the United States District Court for the Southern District of New York, under the case name Duong v. Gauzy Ltd., and covers individuals and entities that purchased Gauzy securities between March 11, 2025, and November 13, 2025 [1][2]. - Investors have a 60-day window from the notice date to move the court to serve as lead plaintiff in the action [2][6]. Company Financial Issues - On November 14, 2025, Gauzy announced that the Commercial Court of Lyon, France, ordered insolvency proceedings for three of its subsidiaries, which could lead to a default under the company's senior secured debt facilities [3][5]. - The company will not release its third-quarter financial results as previously planned due to these proceedings [3]. Market Reaction - Following the announcement of the insolvency proceedings, Gauzy's share price dropped by $2.00, or 49.8%, closing at $2.02 per share on November 17, 2025, with unusually high trading volume [4]. Allegations in the Lawsuit - The complaint alleges that Gauzy's management made materially false and misleading statements and failed to disclose that three subsidiaries were unable to meet their debts, leading to the likelihood of insolvency proceedings and potential defaults on debt facilities [5].
GAUZ CLASS ACTION NOTICE: The Law Offices of Frank R. Cruz Files Securities Fraud Lawsuit Against Gauzy Ltd.