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Investigation announced for Investors in shares of WeWork Inc. (NASDAQ: WE)

12-02-2021 07:07 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation for investors in WeWork Inc. (NASDAQ: WE) shares over potential securities laws violations by WeWork Inc.

An investigation for investors in WeWork Inc. (NASDAQ: WE) shares over potential securities laws violations by WeWork Inc.

An investigation was announced over potential securities laws violations by WeWork Inc. in connection with certain financial statements.

Investors who purchased shares of WeWork Inc. (NASDAQ: WE), 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 WeWork Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

WeWork Inc. offers flexible workspace solution to individuals, and small and large enterprises worldwide. In October 2021, WeWork Inc. went public through a special purpose acquisition "SPAC" merger with BowX Acquisition Corp.

On December 1, 2021, WeWork Inc. (NASDAQ: WE) disclosed in an SEC filing on December 1, 2021, that it will restate its financial results for 2020 and the first three quarters of 2021. WeWork Inc. said that the company would be restating its financial results for 2020 and the first three quarters of 2021 due to a misclassification of Public Shares that led to "a material weakness in internal control over financial reporting."

Shares of WeWork Inc. (NASDAQ: WE) declined during December 2, 2021, to $7.96 per share.

Those who purchased shares of WeWork Inc. (NASDAQ: WE) 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.

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