A securities class action has been filed against View, Inc. (VIEW) on behalf of persons and entities that purchased or otherwise acquired View securities between November 30, 2020 through August 16, 2021. This case has been filed in the USDC – N.D.CA.
Scott+Scott Attorneys at Law LLP (“Scott+Scott”), an international shareholder and consumer rights litigation firm, announces the filing of a class action lawsuit against View, Inc. (“View” or the “Company”) (NASDAQ: VIEW) and certain of its officers and directors alleging violations of federal securities laws. If you purchased View securities between November 30, 2020 and August 16, 2021, inclusive (the “Class Period”) you are encouraged to contact Scott+Scott attorney Jonathan Zimmerman at (888) 398-9312, or at email@example.com for more information.
The lawsuit alleges the View and the other defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about View’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that View had not properly accrued warranty costs related to its product; (2) that there was a material weakness in View’s internal controls over accounting and financial reporting related to warranty accrual; (3) that, as a result, the Company’s financial results for prior periods were misstated; and (4) that, 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.
On August 16, 2021, after the market closed, View announced that it “began an independent investigation concerning the adequacy of the company’s previously disclosed warranty accrual.”
On this news, the price of View shares price fell $1.26, or over 24%, to close at $3.92 per share on August 17, 2021.
What You Can Do
If you purchased View securities between November 30, 2020 and August 16, 2021, and you wish to discuss this lawsuit, please contact attorney Jonathan Zimmerman at (888) 398-9312, or at firstname.lastname@example.org. The deadline for lead plaintiff motions is October 18, 2021.
About Scott+Scott Attorneys at Law LLP
Scott+Scott has significant experience in prosecuting major securities, antitrust, and employee retirement plan actions throughout the United States. The firm represents pension funds, foundations, individuals, and other entities worldwide with offices in New York, London, Amsterdam, Connecticut, Virginia, California, and Ohio.
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