A securities class action has been filed against Harbor Diversified, Inc. (HRBR) on behalf of purchasers of the securities of Harbor Diversified, Inc. (OTC: HRBR) between May 10, 2022 through March 29, 2024. This case has been filed in the USDC – E.D.WI.
According to the lawsuit, defendants throughout the Class Period made materially false and/or misleading statements and/or failed to disclose that: (1) Harbor Diversified’s financial statements from May 9, 2022 to the present were misstated due to improper revenue recognition; (2) Harbor Diversified lacked adequate internal controls; and (3) as a result, defendants’ statements about its business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all times. When the true details entered the market, the lawsuit claims that investors suffered damages.