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LOS ANGELES, July 26, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises FutureFuel Corp. (“FutureFuel” or the “Company”) (NYSE: FF) investors that a shareholder filed a class action on behalf of persons and entities that purchased or otherwise acquired shares.
Investors who purchased and/or sold shares between August 10, 2023 and May 10, 2024 are advised to visit our website.
On May 10, 2024, FutureFuel disclosed in a filing with the U.S. Securities and Exchange Commission that it “has identified a correction required to be made to its historical consolidated statements of cash flows for the six months ended June 30, 2023, nine months ended September 30, 2023 and year ended December 31, 2023”, “relat[ing] solely to the reported amount of ‘Other assets’ and the resulting total amount of ‘Net Cash Flows From Operating Activities’ and the reported amount of ‘Collateralization of derivative instruments’ and the resulting total amount of ‘Net Cash Flows from Investing Activities’ in the respective consolidated statements of cash flows for the six months ended June 30, 2023, nine months ended September 30, 2023 and year ended December 31, 2023 (collectively, the ‘Correction’).” Accordingly, FutureFuel advised that certain of the Company’s previous financial statements should no longer be relied upon and would be restated.
On this news, FutureFuel’s stock price fell $0.47 per share, or 8.55%, to close at $5.03 per share on May 13, 2024.
Please visit our website to review more information and submit your transaction information.
The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com
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