Daniel Webster, dWeb.News Publisher
SAN FRANCISCO, Oct. 09, 2021 (GLOBE NEWSWIRE) — Hagens Berman urges View, Inc. (NASDAQ: VIEW) investors with significant losses to submit your losses now. There may be valuable claims from certain investors in a securities fraud class action.
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, Defendants made false and misleading statements throughout the class period. They claimed that View did not properly accrue warranty costs for its product. (2) That View’s internal controls over accounting were weak and that the Company’s financial reports were inaccurate. (3) Contact an attorney now: VIEW@hbsslaw.com211 (4) View’s positive statements regarding the Company’s operations and business were materially misleading.
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. The Company announced that it would not timely file its quarterly financial statements due to the ongoing audit committee investigation. This involves independent counsel and advisors.
On this news, the Company’s shares fell by $1. 26, or over 24%, to close at $3. 92 per share on Aug. 17, 2021, on unusually heavy trading volume.
” We are focused on investors’ losses, and proving View intentionally understated its warranty accrual in order to improve the Company’s balance sheet and understate loss,” Reed Kathrein (Hagens Berman partner) said.
If you invested in View, have suffered significant losses or have information that could assist the investigation, click to talk 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 and whistleblowers as well as 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
For more dWeb.News Business News: https://dweb.news/news-sections/business-news/
ALISO VIEJO, Calif.–(BUSINESS WIRE)–BrainChip Holdings Ltd (ASX: BRN), (OTCQX: BRCHF), a leading provider of ultra-low power high performance artificial intelligence technology, today announced that Chief Development Officer Anil Mankar will present “Intelligent Edge AI: The Future is Now” at the Linley Fall Processor Conference 2021 in the Hyatt Regency Hotel in Santa Clara, California, October…
Artificial intelligence (AI), which has seen rapid growth over the past few years, is mainly due to the development of deep neural networks and artificial intelligence computing technology. Experts believe that there will come a time when artificial intelligence will exceed human intelligence, or be able to do many tasks better than humans.
Russian online bank Tinkoff has launched an e-commerce venture. The new platform, a constellation of services and tools designed to help entrepreneurs handle and boost their online sales, will cater to a rapidly expanding online economy in Russia, as well as to clients hoping to grow their international presence. Tinkoff has hired Ilya Kretov, formerly…
WASHINGTON – As part of its mission to recruit diverse cybersecurity talent and build the workforce of the future, the Cybersecurity and Infrastructure Security Agency (CISA) has awarded $2 million to two innovative organizations for development of cyber workforce training programs. The NPower and CyberWarrior organizations, which received the awards, will focus on the unemployed…
Most Popular Articles on dWeb.News
- RUSSIA NEWS: Taliban welcomes Russia’s plans to remove them form the terrorist list
- ISRAEL NEWS: Austrian leader said to cancel Israel visit amid corruption allegations
- FRONT PAGES: A Potential New Treatment For Inflammatory Arthritis
- HEALTH NEWS: Eco-Rooted Lawsuits Target Needle Exchanges. This will be stopped by a new California law.
- Top 10 Killer Magento SEO Tips for Your E-Commerce Website
- RUSSIA NEWS: Putin Says NATO’s Military Presence in Ukraine Poses Threat to Russia