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July 23, 2021, 10:16 a.m. EDT

Lawsuits Filed Against WPG, SPCE and YMM - Jakubowitz Law Pursues Shareholders Claims

July 23, 2021 (ACCESSWIRE via COMTEX) -- NEW YORK, NY / ACCESSWIRE / July 23, 2021 / Jakubowitz Law announces that securities fraud class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies who purchased shares within the class periods listed below. Shareholders interested in representing the class of wronged shareholders have until the lead plaintiff deadline to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. For more details and to speak with our firm without cost or obligation, follow the links below.

Washington Prime Group, Inc.

CONTACT JAKUBOWITZ ABOUT WPG:

https://claimyourloss.com/securities/washington-prime-group-inc-loss-submission-form/?id=17916&from=1

Class Period : November 5, 2020 - March 4, 2021

Lead Plaintiff Deadline : July 23, 2021

The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) WPG's financial condition was deteriorating substantially; (2) as a result, there was substantial uncertainty about the Company's ability to meet its capital structure obligations as they became due; and (3) 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.

Virgin Galactic Holdings, Inc. (NYS:SPCE)

CONTACT JAKUBOWITZ ABOUT SPCE:

https://claimyourloss.com/securities/virgin-galactic-holdings-inc-loss-submission-form/?id=17916&from=1

Class Period : October 26, 2019 - April 30, 2021

Lead Plaintiff Deadline : July 27, 2021

The filed complaint alleges that defendants 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.

Full Truck Alliance Co. Ltd. (NYS:YMM)

CONTACT JAKUBOWITZ ABOUT YMM:

https://claimyourloss.com/securities/full-truck-alliance-co-ltd-loss-submission-form/?id=17916&from=1

This lawsuit is on behalf of persons who purchased or otherwise acquired Full Truck's securities pursuant and/or traceable to the registration statement and related prospectus issued in connection with Full Truck's June 2021 initial public offering.

Lead Plaintiff Deadline : September 10, 2021

The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) Full Truck's apps Yunmanman and Huochebang would face an imminent cybersecurity review by the Chinese government; (2) the Chinese government would require Full Truck to suspend new user registration; (3) FTA needed to conduct a "comprehensive self-examination of any cybersecurity risks"; (4) Full Truck needed to "continue to improve its cybersecurity systems and technology capabilities"; and (5) as a result, Defendants' public statements were materially false and misleading at all relevant times and negligently prepared.

Image: https://www.accesswire.com/users/newswire/images/656812/image-1.png

Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

JAKUBOWITZ LAW

1140 Avenue of the Americas

9th Floor

New York, New York 10036

T: (212) 867-4490

F: (212) 537-5887

SOURCE: Jakubowitz Law

View source version on accesswire.com:

https://www.accesswire.com/656812/Lawsuits-Filed-Against-WPG-SPCE-and-YMM--Jakubowitz-Law-Pursues-Shareholders-Claims

COMTEX_390297485/2457/2021-07-23T10:15:37

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