Gauzy Securities Class Action Enters Lead‑Plaintiff Race Before Feb. 6 Deadline
Law firms are mobilizing investors after allegations that distress at French subsidiaries was concealed, creating insolvency risk with potential debt default.
Overview
- Bragar Eagel & Squire says it has filed a federal case in the Southern District of New York covering purchases from March 11 to November 13, 2025.
- Glancy Prongay & Murray invites investors to seek lead‑plaintiff status with a stated deadline of February 6, 2026.
- Portnoy Law Firm is soliciting class members for the same period while its notice lists February 6, 2025 as the deadline, which appears inconsistent with other filings.
- The complaints allege three Gauzy subsidiaries in France lacked the funds to meet debts as they came due, making court insolvency proceedings likely.
- Filings further claim this situation risked a default under senior secured debt facilities and rendered prior statements about the business misleading.