Faruqi & Faruqi Securities litigation
NEW YORK, Aug 22, 2021 (GLOBE NEWSWIRE) – Faruqi & Faruqi, LLP, a leading national securities firm, is investigating possible claims against View, Inc. (“View” or the “Company”) (NASDAQ: VIEW) and is reminding investors to the October 18, 2021 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against the company.
If you suffered losses in excess of $ 50,000 between November 30, 2020 and August 16, 2021 investing in View stocks or options and would like to discuss your legal rights, call Faruqi & Faruqi Partners Josh Wilson directly at 877-247-4292 or 212-983-9330 (ext. 1310). You can also click here for more information: www.faruqilaw.com/LIVE.
There are no costs or obligations for you.
Faruqi & Faruqi is a leading national minority-owned and female securities firm with offices in New York, Delaware, Pennsylvania, California and Georgia.
As described below, the lawsuit focuses on whether the Company and its officers have violated U.S. securities laws by making false and / or misleading statements and / or failing to disclose: (1) that View failed to properly relate warranty charges was incurred with his product; (2) that View’s internal controls over accounting and financial reporting in connection with deferred warranties show a material weakness; (3) as a result, the company’s financial results for prior periods have been misrepresented; and (4) that, based on the foregoing, Defendants’ positive statements about the business, operations, and prospects of the Company were materially misleading and / or improperly based.
On August 16, 2021, after the market closed, View announced that it had “initiated an independent investigation into the adequacy of the company’s previously disclosed warranty provisions.”
Based on this news, the company’s share price fell $ 1.26, or over 24%, in an unusually high trading volume, and closed at $ 3.92 per share on August 17, 2021.
The court-appointed lead plaintiff is the investor with the greatest financial interest in the remedy sought by the class action, which is appropriate and typical of the class directing and overseeing the litigation on behalf of the alleged class action. Either member of the alleged group can have the court lead plaintiff through an attorney of their choice or they can choose not to do anything and remain an absent member of the group. Your ability to participate in a recovery will not be affected by your decision to be the lead plaintiff or not.
Faruqi & Faruqi, LLP also encourages anyone with information about View’s conduct to contact the company, including whistleblowers, former employees, shareholders, and others.
Lawyer advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Past results do not guarantee or predict a similar result with respect to future matters. We look forward to the opportunity to discuss your specific case. All communications will be treated confidentially.