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New York, New York--(Newsfile Corp. - June 2, 2021) - The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Virgin Galactic Holdings, Inc. (NYSE: SPCE) alleging that the Company violated federal securities laws.
Class Period: October 26, 2019 and April 30, 2021
Lead Plaintiff Deadline: July 27, 2021
Learn more about your recoverable losses in SPCE:
The filed complaint alleges that Virgin Galactic Holdings, Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) for accounting purposes, Social Capital Hedosophia Holdings Corp.'s ("SCH") warrants were required to be treated as liabilities rather than equities; (ii) Virgin Galactic had deficient disclosure controls and procedures and internal control over financial reporting; (iii) as a result, the Company improperly accounted for SCH warrants that were outstanding at the time of the business combination; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.
Shareholders have until July 27, 2021 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
For additional information about the SPCE lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click the link above.
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/86241