Investigation announced for long-term investors in shares of Sonder Holdings Inc. (NASDAQ: SOND) over potential Wrongdoing

An investigation was announced for long-term investors in shares of Sonder Holdings Inc. (NASDAQ: SOND) concerning potential breaches of fiduciary duties by certain directors and officers of Sonder Holdings Inc.

Investors who are current long term investors in Sonder Holdings Inc. (NASDAQ: SOND) 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 NASDAQ: SOND stocks follows a lawsuit filed against Sonder Holdings Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: SOND stocks, concerns whether certain Sonder 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 Central District of California the plaintiff alleges that 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.

This release was published on openPR.