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NEW YORK CITY, NY / ACCESSWIRE / September 18, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Gogoro Inc. ("Gogoro" or "the Company") (NASDAQ:GGR). Investors who purchased Gogoro securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/GGR.
Investigation Details
On September 13, 2024, Gogoro Inc. filed a Form 6-K with the SEC and announced in the report that it had "conducted internal investigations into allegations in recent media reports that the Company incorporated imported components into certain of its vehicles in violation of the requirement of the Taiwan government that certain core components of the electric scooters shall be produced domestically in order to be qualified for the subsidies to purchasers. During such investigations, the Company has identified certain irregularities in supply chain which caused the Company to inadvertently incorporate certain imported components in some of its vehicles. The Company has reported the irregularities in supply chain to the local authorities and is fully cooperating with the local authorities in their investigations, while also continuing with its internal investigations. As the internal and external investigations are still ongoing, the Company cannot predict the final outcome of such investigations." Gogoro also announced that in an "effort to show the Company's resolution to fully cooperate with the local authorities, Mr. Horace Luke resigned from his positions as the Chief Executive Officer (the "CEO"), Chairman of the Board and Director of the Company, effective September 13, 2024." Following this news, Gogoro stock dropped 5.2% on September 13, 2024, and 11% on September 16, 2024.
What's Next?
If you are aware of any facts relating to this investigation or purchased Gogoro securities, you can assist this investigation by visiting the firm's site: bgandg.com/GGR. You can also contact Peretz Bronstein or his client relations manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.
There is No Cost to You
We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.
Why Bronstein, Gewirtz & Grossman
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
Attorney advertising. Prior results do not guarantee similar outcomes.
Contact
Bronstein, Gewirtz & Grossman, LLC Peretz Bronstein or Nathan Miller332-239-2660 | info@bgandg.com
SOURCE: Bronstein, Gewirtz & Grossman, LLC
View the original press release on accesswire.comNEW YORK, NY / ACCESSWIRE / September 18, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Gogoro Inc. ("Gogoro Inc.") (NASDAQ:GGR) concerning possible violations of federal securities laws.
Gogoro announced the resignation of its Chief Executive Officer Horace Luke on September 13, 2024. Mr. Luke's resignation followed "internal investigations into allegations in recent media reports that the Company incorporated imported components into certain of its vehicles in violation of the requirement of the Taiwan government that certain core components of the electric scooters shall be produced domestically in order to be qualified for the subsidies to purchasers." Gogoro stated that "during such investigations, the Company has identified certain irregularities in supply chain which caused the Company to inadvertently incorporate certain imported components in some of its vehicles." Following this news, Gogoro's stock price fell over 14% on September 16, 2024. To obtain additional information, go to:
https://zlk.com/pslra-1/gogoro-inc-lawsuit-submission-form?prid=103564&wire=1
or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212)363-7500.
WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP Joseph E. Levi, Esq. Ed Korsinsky, Esq. 33 Whitehall Street, 17th Floor New York, NY 10004jlevi@levikorsinsky.com Tel: (212)363-7500 Fax: (212)363-7171https://zlk.com/
SOURCE: Levi & Korsinsky, LLP
View the original press release on accesswire.comThe most oversold stocks in the consumer discretionary sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
Read More:
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Sept 13 (Reuters) - Gogoro Inc GGR.O:
GOGORO INC - HORACE LUKE RESIGNED FROM HIS POSITIONS AS CEO CHAIRMAN OF BOARD AND DIRECTOR
GOGORO : APPOINTED HENRY CHIANG AS INTERIM CEO
GOGORO INC: BOARD APPOINTED MR. TAMON TSENG AS NEW DIRECTOR AND CHAIRMAN OF BOARD
GOGORO- IDENTIFIED IRREGULARITIES IN SUPPLY CHAIN WHICH CAUSED CO TO INADVERTENTLY INCORPORATE SOME IMPORTED COMPONENTS IN SOME VEHICLES
GOGORO- FULLY COOPERATING WITH LOCAL AUTHORITIES IN THEIR , WHILE ALSO CONTINUING WITH INTERNAL INVESTIGATIONS
GOGORO INC - REPORTED IRREGULARITIES IN SUPPLY CHAIN TO LOCAL AUTHORITIES
Source text for Eikon: [ID:n0001628280-24-040295]
Further company coverage: GGR.O
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