ONGOING INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Virgin Galactic Holdings, Inc. and Encourages Investors with Losses to Contact the Firm
LOS ANGELES, May 10, 2021 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Virgin Galactic Holdings, Inc. ("Virgin Galactic" or "the Company") (NYSE: SPCE) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Virgin Galactic declared in a Current Report on Form 8-K that it will restate its financial results including its Annual Report on Form 10-K for the fiscal year ended December 31, 2020. The Company disclosed that the restatement involves the accounting treatment for the warrants of Social Capital Hedosophia Holdings Corp. Based on this news, shares of Virgin Galactic dropped by more than 9% on May 3, 2021.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.
310-301-3335
[email protected]
www.schallfirm.com
SOURCE The Schall Law Firm
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