Press release
Deadline on April 18th coming up in Lawsuit for Investors in Butterfly Network, Inc. (NYSE: BFLY)
A Deadline is coming up on April 18, 2022 in the lawsuit for certain investors in Butterfly Network, Inc. (NYSE: BFLY).
Investors who purchased shares of Butterfly Network, Inc. (NYSE: BFLY) have certain options and there are strict and short deadlines running. Deadline: April 18, 2022. NYSE: BFLY stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
According to the complaint filed in the U.S. District Court for the District of New Jersey the plaintiff alleges on behalf of purchasers of Butterfly Network, Inc. (NYSE: BFLY) common shares between February 16, 2021 and November 15, 2021, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between February 16, 2021 and November 15, 2021, the Proxy and Defendants made false and/or misleading statements and/or failed to disclose that Butterfly had overstated its post-Merger business and financial prospects, that notwithstanding the ongoing COVID-19 pandemic, Butterfly's financial projections failed to take into account the pandemic's broad consequences, which included healthcare logistical challenges, and medical personnel fatigue, that accordingly, Butterfly's gross margin levels and revenue projections were less sustainable than the Company had represented, that all the foregoing was reasonably likely to have a material negative impact on Butterfly's business and financial condition, and that as a result, the Company's public statements were materially false and misleading at all relevant times.
Those who purchased shares of Butterfly Network, Inc. (NYSE: BFLY) have certain options and should contact the Shareholders Foundation.
Contact:
Christopher Clausen
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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