Press release
Deadline on June 10th coming up in Lawsuit for Investors in Sonder Holdings Inc. (NASDAQ: SOND)
A Deadline is coming up on June 10, 2024 in the lawsuit for certain investors in Sonder Holdings Inc. (NASDAQ: SOND).
Investors who purchased shares of Sonder Holdings Inc. (NASDAQ: SOND) have certain options and there are strict and short deadlines running. Deadline: June 10, 2024. NASDAQ: SOND 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 Central District of California the plaintiff alleges on behalf of purchasers of Sonder Holdings Inc. (NASDAQ: SOND) common shares between March 16, 2023 and March 15, 2024, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between March 16, 2023 and March 15, 2024, the Defendants failed to disclose to investors that Sonder failed to disclose all issues with its internal controls, that Sonder's financial statements for the 2022 Annual Report and the interim periods ended March 31, June 30, and September 30, 2023 contained material errors in the way the Company accounted for the valuation and impairment of operating lease ROU assets, that as a result, Sonder would need to restate its previously issued financial statements for those periods, and that as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.
Those who purchased shares of Sonder Holdings Inc. (NASDAQ: SOND) 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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