Tuesday, 03 November 2026 11:00 AM
Class Action
NEW YORK CITY, NY / ACCESS Newswire / November 3, 2026 / VinFast Auto Ltd. (NASDAQ:VFS) shareholders lost $0.22 per share on October 19, 2026, as the stock fell 7.05% to close at $2.90 after the Company reported a second quarter 2026 operating loss of $1.16 billion. If you suffered a loss on your VinFast investment, you are encouraged to click here to submit your information. You may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.
VinFast released unaudited results for the second quarter of 2026 on October 19, 2026. The quarterly operating loss more than doubled from the prior-year period, rising from $388 million. Gross profit margin came in at negative 62.8%, compared with negative 21.8% a year earlier.
The Company attributed the results to steep, persistent production overruns and inefficient global retail scaling. Levi & Korsinsky is investigating potential securities law violations at VinFast on behalf of shareholders who held VFS shares into the October 19, 2026 disclosure.
Investors who purchased VinFast shares and lost money can have their VFS losses reviewed at no cost, or reach Joseph E. Levi, Esq. at [email protected] or (212) 363-7500.
ABOUT LEVI & KORSINSKY, LLP -- Over the past 20 years, Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders. The firm has extensive expertise in complex securities litigation and a team of over 70 employees. For seven consecutive years, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report.
Frequently Asked Questions About the VFS Investigation
Q: What is the VFS securities fraud investigation about?
A: A securities investigation is pending concerning VinFast Auto Ltd. (NASDAQ:VFS) regarding potentially materially false or misleading statements. Shares fell approximately 7.05% after the Company disclosed a second quarter 2026 operating loss of $1.16 billion and a gross profit margin of negative 62.8%, causing losses for shareholders.
Q: Who is conducting the VFS investigation?
A: Levi & Korsinsky, LLP is investigating potential securities fraud claims on behalf of investors who purchased VFS securities. The firm is nationally recognized, ranked in the ISS Top 50 for seven consecutive years, and has recovered hundreds of millions of dollars for aggrieved investors.
Q: Who is eligible to participate in the VFS investigation?
A: Investors who purchased VFS stock or securities and suffered financial losses may be eligible. Eligibility is based on purchase date and documented losses -- not on whether you still hold the shares.
Q: What do VFS investors need to do right now?
A: Investors may gather brokerage records showing purchase dates, share quantities, and prices paid. Submit your information for a no-cost, no-obligation evaluation of your potential recovery. No immediate action is required to remain eligible to participate in the investigation.
Q: What is a lead plaintiff and why does it matter?
A: If the investigation proceeds to legal action, a lead plaintiff is the investor the court appoints to represent the group of affected investors. Lead plaintiffs are typically investors with the largest documented losses. Contacting the firm during the investigation phase preserves that option.
Q: What if I already sold my VFS shares -- can I still recover losses?
A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought VFS and sold at a loss may still participate in the investigation.
Q: What if my VFS losses are small -- is it still worth contacting a lawyer?
A: Yes. There is no minimum loss amount required to participate in the investigation.
Q: What does it cost me to participate?
A: There is no upfront cost to submit your information and review whether you may be eligible to recover. Should you choose to participate in any resulting action, these matters are generally handled on a contingency basis, with any attorneys' fees and expenses subject to court approval.
Attorney Advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
SOURCE: Levi & Korsinsky, LLP