New York, New York – (Newsfile Corp. – June 18, 2021) – Klein law firm announces that a class action lawsuit has been filed on behalf of shareholders of Virgin Galactic Holdings, Inc. (NYSE: SPCE) alleging that The company has violated federal securities laws.
Class period: October 26, 2019 and April 30, 2021
Lead Applicant Deadline: July 27, 2021
Learn more about your recoverable losses in SPCE:
The complaint filed alleges that Virgin Galactic Holdings, Inc. made materially false and / or misleading statements and / or failed to disclose that: (i) for accounting purposes, the mandates of Social Capital Hedosophia Holdings Corp. (âSCHâ) were required to be treated as a liability rather than an equity; (ii) Virgin Galactic had weak disclosure controls and procedures and internal control over financial reporting; (iii) as a result, the Company incorrectly accounted for the SCH warrants that were outstanding at the time of the business combination; and (iv) accordingly, the Company’s public statements were materially false and misleading at all material times.
Shareholders have until July 27, 2021 to apply to the court for principal plaintiff status. Your ability to participate in any recovery does not require you to serve as the principal applicant.
For more information on the SPCE trial, please contact J. Klein, Esq. by phone at 212-616-4899 or click on the link above.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/88078