Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors

HAGENS BERMAN Alerts View, Inc. (VIEW) Investors to Securities Class Action, Encourages Investors with Losses to Contact Firm's Attorneys Now

09/18/2021 | 10:36am EDT

SAN FRANCISCO, Sept. 18, 2021 (GLOBE NEWSWIRE) -- Hagens Berman urges View, Inc. (NASDAQ: VIEW) investors with significant losses to submit your losses now. A securities fraud class action has been filed and certain investors may have valuable claims.  

Class Period: Nov. 30, 2020 – Aug. 16, 2021
Lead Plaintiff Deadline: Oct. 18, 2021
Visit: www.hbsslaw.com/investor-fraud/VIEW
Contact An Attorney Now: VIEW@hbsslaw.com

View, Inc. (VIEW) Securities Fraud Class Action:

The complaint alleges View manipulated its financial results leading up to and after going public through a SPAC merger in early March 2021.

Specifically, throughout the class period, Defendants mispresented and concealed: (1) that View had not properly accrued warranty costs related to its product; (2) that there was a material weakness in View’s internal controls over accounting and financial reporting related to warranty accrual; (3) that, as a result, the Company's financial results for prior periods were misstated; and (4) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

The truth emerged on Aug. 16, 2021, when the Company announced its audit committee began an independent investigation concerning the adequacy of the Company’s previously disclosed warranty accrual. In light of the audit committee’s ongoing investigation, which involves independent counsel and advisors, the Company disclosed that it would not be timely filing its quarterly financial statements.

On this news, the Company's share price fell $1.26, or over 24%, to close at $3.92 per share on Aug. 17, 2021, on unusually heavy trading volume.

“We’re focused on investors’ losses and proving View intentionally understated the Company’s warranty accrual to improve the Company’s balance sheet and understate losses,” said Reed Kathrein, the Hagens Berman partner leading the investigation.

If you invested in View and have significant losses, or have knowledge that may assist the firm’s investigation, click here to discuss your legal rights with Hagens Berman.

Whistleblowers: Persons with non-public information regarding View should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email VIEW@hbsslaw.com.

About Hagens Berman
Hagens Berman is a national law firm with eight offices in eight cities around the country and over eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation.   More about the firm and its successes is located at hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.

Reed Kathrein, 844-916-0895

Primary Logo

© GlobeNewswire 2021
Latest news "Companies"
05:44aNATWEST : Lawmakers probe timeline of NatWest money laundering investigation
05:41aGESTAMP AUTOMOCIÓN S A : Airbus and Ferrovial join Indesia
05:41aKorean naphtha imports hit 20-month high in September
05:41aVietnam's scrap imports rebound in September
05:41aSABANA SHARI'AH COMPLIANT INDUSTRIAL REAL ESTATE INVESTMENT TRUST : Completion Of The Removal Of The Shari'ah Compliance Requirement Of Sabana REIT
05:41aCOMARCH S A : Award-Winning Solution Transforms Banking in Thailand
05:41aSNAM S P A : Toyota and CaetanoBus together to accelerate the development of hydrogen mobility
05:41aBANGKOK BANK PUBLIC : receives plaque of honor for supporting the Mor Prom Call Center as a channel for providing reliable information for the public during the Covid crisis
05:40aMETRO BANK : lending stalls on weak mortgage activity
Latest news "Companies"