SPCE INVESTOR ALERT: Class Action Lawsuit Filed

BOSTON, MA / ACCESSWIRE / June 8, 2021 / Thornton law firm advises investors that a class action lawsuit has been filed on behalf of investors in Virgin Galactic Holdings, Inc. (NYSE: SPCE). The case is currently at the main plaintiff stage. Investors who purchased SPCE shares or other securities between October 26, 2019 and April 30, 2021 can contact the Thornton Law Firm’s investor protection team at www.tenlaw.com/cases/SPCE for more information. Investors can also email investoren@tenlaw.com or call 617-531-3917.

MORE INFORMATION: www.tenlaw.com/cases/SPCE

In the case it is alleged that Virgin Galactic and its officers made misleading statements to investors and failed to disclose that: (i) the warrants of Social Capital Hedosophia Holdings Corp. (“SCH”) had to be treated as liabilities rather than stocks for accounting purposes; (ii) Virgin Galactic had inadequate disclosure controls and procedures and internal controls over financial reporting; and (iii) as a result, Virgin Galactic has not properly accounted for SCH warrants outstanding at the time of the business combination.

Interested SPCE investors have until July 27, 2021 to hire an attorney and apply as lead plaintiff if they are interested. A lead plaintiff is acting on behalf of all other members of the investor group in administering the class action. Investors don’t have to be a lead plaintiff to be a class plaintiff. If investors do nothing, they can remain an absent member of the class. The class is not yet certified. Investors are not represented by a lawyer until they have been certified. Thornton law firm is not currently representing a plaintiff who has filed a complaint but is investigating the case on behalf of investors interested in being lead plaintiffs.

MORE INFORMATION: www.tenlaw.com/cases/SPCE

Thornton Law Firm’s securities attorneys are very experienced in representing investors in claiming damages caused by violations of securities laws. His attorneys have a track record of litigating securities cases in courts across the country and recovering losses on behalf of investors. This may be considered a lawyer solicitation in some jurisdictions. Past results do not guarantee or predict a similar result with respect to future matters.

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SOURCE: Thornton Law Firm LLP

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