Press release
Investigation announced for Investors in Porch Group Inc. (NASDAQ: PRCH) shares
An investigation for investors in Porch Group Inc. (NASDAQ: PRCH) shares over potential securities laws violations.
Investors who purchased shares of Porch Group Inc. (NASDAQ: PRCH), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Porch Group Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Seattle, WA based Porch Group, Inc. operates a software platform in the United States and Canada.
On Apr. 8, 2021, a report was published entitled “A Porch On A Flimsy Foundation.”
According to the report Porch Group Inc. “is a classic example of a Company that has never found a business model that makes sense and was in technical default with a going concern warning before using the frothy SPAC market as an opportunity to allow insiders to dump shares.”
The report accused the company of concealing or obscuring numerous business activities from 2017 – 2021 and faking a partnership service that doesn’t exist.
The report also estimates that Porch Group Inc. understates its true leverage by keeping up to $1.1 billion potential exposure to financial guarantees off its books and artificially inflates its gross margins by engaging in barter transactions.
Shares of Porch Group Inc. (NASDAQ: PRCH) declined from $24.28 per share on February 10, 2021, to as low as $15.35 per share on March 25, 2021.
Those who purchased shares of Porch Group Inc. (NASDAQ: PRCH) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Investigation announced for Investors in Porch Group Inc. (NASDAQ: PRCH) shares here
News-ID: 2269702 • Views: …
More Releases from Shareholders Foundation
ALERT: Lawsuit filed for Investors who SOLD shares of Sina Corporation (formerly …
An investor, who sold shares of Sina Corporation (formerly NASDAQ: SINA) in the merger between Seina Corporation and TuSimple Holdings, Inc, filed a lawsuit over alleged violations of Federal Securities Laws by Sina Corporation (formerly NASDAQ: SINA in connection with certain allegedly false and misleading statements made.
If you sold a significant amount of shares of Sina Corporation (formerly NASDAQ: SINA) between October 13, 2020 and March 22, 2021, you have…
Lawsuit Alert: Investors who lost money with shares of Fluor Corporation (NYSE: …
An investor, who purchased shares of Fluor Corporation (NYSE: FLR), filed a lawsuit alleged violations of Federal Securities Laws by Fluor Corporation in connection with certain allegedly false and misleading statements.
Investors who purchased shares of Fluor Corporation (NYSE: FLR) have certain options and for certain investors are short and strict deadlines running. Deadline: November 14, 2025. NYSE: FLR investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779…
Investigation announced for Long-Term Investors in shares of Sable Offshore Corp …
An investigation was announced for long-term investors in shares of Sable Offshore Corp. (NYSE: SOC) concerning potential breaches of fiduciary duties by certain directors of Sable Offshore Corp.
Investors who are current long term investors in Sable Offshore Corp. (NYSE: SOC) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in…
Lawsuit filed for Investors who lost money with shares of Lantheus Holdings, Inc …
An investor, who purchased shares of Lantheus Holdings, Inc. (NASDAQ: LNTH), filed a lawsuit over alleged violations of Federal Securities Laws by Lantheus Holdings, Inc. in connection with certain allegedly false and misleading statements.
Investors who purchased shares of Lantheus Holdings, Inc. (NASDAQ: LNTH) have certain options and for certain investors are short and strict deadlines running. Deadline: November 10, 2025. NASDAQ: LNTH investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com…
More Releases for Porch
Home Renovation Consulting Market Hits New High | Major Giants Homepolish, Build …
HTF MI just released the Global Home Renovation Consulting Market Study, a comprehensive analysis of the market that spans more than 143+ pages and describes the product and industry scope as well as the market prognosis and status for 2025-2033. The marketization process is being accelerated by the market study's segmentation by important regions. The market is currently expanding its reach.
Major companies profiled in Home Renovation Consulting Market are:
Houzz, HomeAdvisor,…
Online On-Demand Home Services Market Is Booming So Rapidly | Handy, Housejoy, P …
The latest study released on the Global Online On-Demand Home Services Market by USD Analytics Market evaluates market size, trend, and forecast to 2032. The Online On-Demand Home Services market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and…
Author's Tranquility Press Releases "The Swing on Ginny's Porch" by Brenda M Jen …
A Heartwarming Tale of Love, Laughter, and Lifelong Memories
Step into the world of "The Swing on Ginny's Porch [https://www.amazon.com/Swing-Ginnys-Porch-Brenda-Jenkins/dp/1959930133/ref=sr_1_1?crid=9N9Y4O56FGAQ&dib=eyJ2IjoiMSJ9.qXgt7tBFcW0Z0QHmOfyWHg.lYQl6eAVi8ebA5xS8SCJR4aCQN2nwDTWKSblVymWxVE&dib_tag=se&keywords=Brenda+Jenkins+-+The+Swing+on+Ginny%27s+Porch+978-1959930143%22&qid=1711405131&s=books&sprefix=brenda+jenkins+-+the+swing+on+ginny%27s+porch+978-1959930143+%2Cstripbooks%2C692&sr=1-1]," a poignant and deeply moving tale penned by author Brenda M Jenkins and published by Author's Tranquility Press. This enchanting story follows the tender bond between a child and his beloved grandmother, affectionately known as "Ginny," as they share life's joys and challenges from the comfort of a cherished porch swing.
Set…
Porch on Deck: Where Comfort Meets Style
A porch on deck isn't just an architectural feature; it's a gateway to a world of comfort and style. It's a space where you can relax, entertain, and enjoy the outdoors while still having the comforts of your home close at hand. In this blog post, we'll explore the many ways in which a porch on a deck can enhance your living space, elevate your home's aesthetics, and provide a…
Investigation announced for Investors in shares of Porch Group Inc. (NASDAQ: PRC …
An investigation was announced over potential securities laws violations by Porch Group Inc. and certain of its directors and officers in connection with certain financial statements.
Investors who purchased shares of Porch Group Inc. (NASDAQ: PRCH), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Porch…
Investigation announced for Long-Term Investors in shares of Porch Group Inc. (N …
An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at Porch Group Inc.
Investors who purchased shares of Porch Group Inc. (NASDAQ: PRCH) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Porch Group Inc. (NASDAQ: PRCH officers and directors breached their fiduciary duties and caused damage to the…
