Ford Motor (F) Financial Issues Case

E.D. Michigan

Court

2:24-cv-12080

Case number

04/27/2022

Class period Start

07/24/2024

Class period End

10/07/2024

Lead Plaintiff motion deadline

$F stockholder filed a claim against Ford Motor for hiding quality issues since 2022, which led to higher warranty costs and profit risks.
After the financial results on July 24, 2024, $F fell by 18%.
Ford Motor investors can join this case to be notified about potential recovery.
Case Details:

On July 24, 2024, Ford announced its Q2 financial results, revealing that profitability was impacted by increased warranty reserves and higher warranty costs.

As a result, Ford lowered its full-year earnings outlook for its electric vehicle segment. 

Analysts noted that warranty and recall costs reached $2.3B in the second quarter, up $800M from the first quarter and $700M from the previous year.

On this news, $F fell by 18% on July 25, 2024.

Based on these events, a $F stockholder filed a claim against Ford Motor and its leaders, accusing them of the following:
Ford had quality assurance issues with its vehicle models since 2022, leading to increased warranty costs. 
As a result, the warranty reserves were inaccurate, and the company's profitability was likely to decline.
Considering all the representations, investors suspect Ford hid quality issues since 2022, leading to higher warranty costs, inaccurate reserves, and profit risks.

Case Status

Lead Plaintiff Submission

Alleged Offence

Mismanagement,

Misleading Statements,

Omissions

Suspected Party

Directors,

Management

Security Type

Stocks

Trade Direction

Long

Shock Event Date

07/25/2024

Filing date

08/08/2024

Lead Plaintiff Deadline

10/07/2024

Ford Motor (F) Financial Issues Case

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