Investigation announced for Long-Term Investors in Virgin Galactic Holdings, Inc. (NYSE: SPCE) shares

Certain directors of Virgin Galactic Holdings, Inc are under investigation concerning potential breaches of fiduciary duties.

Investors who are current long term investors in Virgin Galactic Holdings, Inc. (NYSE: SPCE) 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 NYSE: SPCE stocks follows a lawsuit filed against Virgin Galactic Holdings, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: SPCE stocks, concerns whether certain Virgin Galactic Holdings, Inc. directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Eastern District of New York the plaintiff alleges that, the defendants made false and/or misleading statements and/or failed to disclose that for accounting purposes, SCH's warrants were required to be treated as liabilities rather than equities, that Virgin Galactic had deficient disclosure controls and procedures and internal control over financial reporting, that as a result, the Company improperly accounted for SCH warrants that were outstanding at the time of the Business Combination, and that as a result, the Company's public statements were materially false and misleading at all relevant times.

Those who purchased shares of Virgin Galactic Holdings, Inc. (NYSE: SPCE) 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.