RALEIGH — VinFast, the Vietnamese company investing big in North Carolina, is on record denying that they are being sued in the United States.

The denial comes from company representatives after public rumors began regarding law firms probing for disclosure violations. Robbins Geller Rudman & Dowd LLP and Pomerantz LLP are reportedly both investigating claims for VinFast investors regarding false statements and failures to disclose critical information. VinFast shares sky-rocketed after its IPO, trading as high as $82 per share before dropping significantly. As of today, VinFast is trading at $5.40, a drop of well over 90%.

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