New York, New York, Jul 26, 2021 (Newsfile Corp via COMTEX) -- New York, New York--(Newsfile Corp. - July 26, 2021) - The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Virgin Galactic Holdings, Inc. /zigman2/quotes/208333884/composite SPCE 0.00% alleging that the Company violated federal securities laws.
Class Period: October 26, 2019 and April 30, 2021
Lead Plaintiff Deadline: July 27, 2021
No obligation or cost to you.
Learn more about your recoverable losses in SPCE:
Virgin Galactic Holdings, Inc. NEWS - SPCE NEWS
CLASS ACTION CASE DETAILS: 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.
WHAT THIS MEANS TO YOU AS A SHAREHOLDER: If you have suffered a loss in Virgin Galactic you 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.
NO COST TO YOU: If you purchased Virgin Galactic securities during the relevant period, you may be entitled to compensation without payment of any out-of-pocket fees.
ABOUT KLEIN LAW FIRM
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. The Klein Law Firm is a boutique litigation firm with experience in a wide range of areas including securities law, corporate finance and commercial litigation. Since 2011, our experienced attorneys have achieved superior results for our clients with a personalized focus. Attorney advertising. Prior results do not guarantee similar outcomes.
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