The Law Offices of Frank R Cruz Announces the Filing of a Securities Class Action on Behalf of View, Inc (VIEW) f/k/a CF Finance Acquisition Corp II Investors
LOS ANGELES, Sept. 14, 2021 -- The Law Offices of Frank R. Cruz announces a class action lawsuit filed for the owners of the purchased or otherwise acquired View, Inc. or the "Company 30 November 2020 and 2021 August 30 and August 16 20 21 The class period is inclusive (the "Class Period"). View investors have until now. October 18, 2021 Upon filing a motion for sanity, plaintiffs were required to file coff motion.
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View is a technology company that manufactures smart building products that are purportedly designed to improve the health, productivity, and experience of people while reducing energy consumption.
The surviving, public entity was combined on March 8, 2021, with the CF II, a special purpose acquisition company, and View, as the real-life entity.
View announced that it "began an independent investigation" on August 16 2021, after the market closed, that the company "each day" announced it was "opening an investigation."
In addition to this news, the share price of the Company fell $1.26, or over 24%, to close at $3.92 per share on August 17, 2021, with unusually heavy trading volume.
The complaint filed in this class action alleges that during the class period, Defendants made materially false and/or misleading statements, and also failed to disclose adverse facts about the Company's business, operations and prospects. Specifically, Defendants failed to disclose to investors: (1) that View had not properly accrued warranty costs related to its product; (2) that there was a material weakness in View's internal controls in accounting and financial reporting related
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If you purchased View securities during the Class Period, you may move the Court at the best of time. October 18 18 October 2021 If you have any questions about the facts or your rights, please contact Frank R. Cruz, of the Law Offices of Frank Roberts, 1999 Avenue of Stars - Suite 1100, Los Angeles, California 90067 / Please give us your address, telephone number, and number of shares bought.
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SOURCE The Law Offices of Frank R. Cruz, Los Angeles, SURE The law office of Los Losados, LA.