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SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of Faraday Future Intelligent Electric Inc. (FFIE/PSAC) and Encourages Long-Term Stockholders to Contact the Firm

PHILADELPHIA, Feb. 21, 2022 — Investor protection law firm Kaskela Law LLC announces that it is investigating Faraday Future Intelligent Electric Inc. (“Faraday”) (NASDAQ: FFIE) on behalf of the company’s long-term stockholders.

On October 7, 2021, J Capital Research published a report alleging, among other things, that Faraday was unlikely to ever sell a car, noting that after eight years in business, the Company has “failed to deliver a car,” “has reneged on promises to build factories in five localities in the U.S. and China,” “is being sued by dozens of unpaid suppliers,” and “has failed to disclose that assets in China have been frozen by courts.”

Moreover, the report alleged that Faraday’s claimed 14,000 deposits are fabricated because 78% of these reservations were made by a single undisclosed company that is likely an affiliate. The report further alleges that contrary to representations of progress toward manufacturing made by Faraday in September 2021, former engineering executives did not believe that the car was ready for production.

Then, on November 15, 2021, Faraday announced that it would be unable to file its Form 10-Q for the fiscal quarter ended September 30, 2021 on time, and announced that its board of directors “formed a special committee of independent directors to review allegations of inaccurate disclosures,” including the claims in the J Capital report.

Kaskela Law LLC represents investors in securities fraud, corporate governance, and merger & acquisition litigation.  For additional information about Kaskela Law LLC please visit This notice may constitute attorney advertising in certain jurisdictions.

This article was shared with Prittle Prattle News as a Press Release by PRNewswire

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