Microvast Holdings shares fall 1.07% premarket after Kuehn Law investigation into potential fiduciary breaches.

Microvast Holdings, Inc. declined 1.07% in premarket trading, with the company facing a federal securities lawsuit. Kuehn Law, PLLC, is investigating whether certain officers and directors of Microvast Holdings, Inc. breached their fiduciary duties to shareholders. The lawsuit alleges that insiders at Microvast caused the company to misrepresent or fail to disclose key information, including the likelihood of not being awarded the Department of Energy Grant and the nature and profitability of its businesses and partnerships.