Core Viewpoint - The Portnoy Law Firm is advising investors of Gauzy, Ltd. to participate in a class action lawsuit due to alleged misleading statements and undisclosed adverse facts regarding the company's financial health and operations during the specified class period from March 11, 2025, to November 13, 2025 [1]. Group 1 - The class action is on behalf of investors who purchased securities during the class period, with a deadline of February 6, 2025, to file a lead plaintiff motion [1]. - The complaint alleges that the defendants made materially false and misleading statements and failed to disclose critical adverse facts about the company's business and operations [3]. - Specific undisclosed issues include that three of the company's French subsidiaries lacked the financial means to meet their debts, leading to a substantial likelihood of insolvency proceedings [4]. Group 2 - The complaint also states that the potential insolvency could trigger defaults under the company's existing senior secured debt facilities [4]. - The defendants' positive statements regarding the company's business and prospects were deemed materially misleading and lacked a reasonable basis due to the undisclosed financial difficulties [4].
Portnoy Law Firm Announces Class Action on Behalf of Gauzy, Ltd. Investors