SHAREHOLDER LAWSUIT REMINDER: Faruqi & Faruqi, LLP investigates claims on behalf of FutureFuel investors

James (Josh) Wilson, securities litigation partner at Faruqi & Faruqi, LLP, encourages investors who have suffered losses of over $50,000 on FutureFuel to contact him directly to discuss their options

If you have incurred losses exceeding $50,000 on investments in FutureFuel stocks or options between August 10, 2023 and May 10, 2024 and would like to discuss your legal rights, Call Faruqi & Faruqi Partner Josh Wilson direct at 877-247-4292 or 212-983-9330 (extension 1310). For more information you can also click here: www.faruqilaw.com/FF.

New York, New York–(Newsfile Corp. – June 27, 2024) – Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against FutureFuel Corp. (“FutureFuel” or the “Company”) (NYSE: FF) and reminds investors of the Deadline: 23 August 2024 to serve as lead plaintiff in a federal securities class action lawsuit filed against the Company.

Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. Since its founding in 1995, the firm has recovered hundreds of millions of dollars for investors. See www.faruqilaw.com.

According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose, among other things, that: (1) FutureFuel did not have adequate internal controls; (2) FutureFuel’s financial statements were false; and (3) as a result, defendants’ statements about the company’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all times. When the true details became known to the market, the lawsuit alleges, investors suffered harm.

On May 10, 2024, after the market closed, the Company announced in a filing with the SEC that “management and the Audit Committee (the “Audit Committee”) of the Board of Directors of the Company, after consulting with RSM, determined on May 8, 2024 that certain of its previously published financial reports, particularly its previously published statements of cash flows: (i) for the year ended December 31, 2023, included in the original Form 10-K; (ii) for the nine months ended September 30, 2023, included in the Form 10-Q for Q3.2023; and (iii) for the six months ended June 30, 2023, included in the Form 10-Q for Q2.2023, contained errors, should no longer be relied upon as reliable, and should be corrected by restating the affected statements of cash flows by filing the amendments.”

On this news, FutureFuel’s stock price fell $0.47 per share, or 8.54%, to close at $5.03 per share on May 13, 2024.

The court-appointed lead plaintiff will be the investor with the greatest financial interest in the relief sought by the class, who is reasonable and typical of class members, and who will direct and oversee the litigation on behalf of the putative class. Any member of the putative class may, through counsel of his or her choosing, ask the court to serve as lead plaintiff, or he or she may choose to do nothing and remain an absent class member. Your ability to share in any relief will not be affected by your decision to serve as lead plaintiff.

Faruqi & Faruqi, LLP also encourages anyone with information regarding FutureFuel’s conduct, including whistleblowers, former employees, shareholders and others, to contact the Company.

Learn more about the Fuel of the future Class action lawsuit, go to www.faruqilaw.com/FF or Call Faruqi & Faruqi Partner Josh Wilson direct at 877-247-4292 or 212-983-9330 (extension 1310).

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To view the original version of this press release, please visit https://www.newsfilecorp.com/release/214509.