12% Stock Loss BFLY Stock News Butterfly Network Securities Class Action ($BFLY) LGVW Stock Longview
Deadline April 18, 2022, Learn More 👉 https://bit.ly/BFLY-NYSE 12% Stock Loss BFLY Stock News Butterfly Network Securities Class Action ($BFLY) LGVW Stock Longview
BFLY Stock News and LGVW Stock Longview
The Truth Emerges
Press Release Q321 Gross Margin Loss 35%
Investors, did you purchase (a) Butterfly securities between February 16, 2021 and November 15, 2021, both dates inclusive and/or
(b) hold Butterfly common stock as of the record date for the special meeting of shareholders held on February 12, 2021 to consider approval
of the merger between Longview Acquisition Corp. and Butterfly
Defendants made false statements and/or concealed that:
(i) Butterfly had overstated its post-merger business and financial prospects;
(ii) 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;
(iii) accordingly, Butterfly’s gross margin levels and revenue projections were less sustainable than the Company had represented;
(iv) all the foregoing was reasonably likely to have a material negative impact on Butterfly’s business and financial condition; and
(v) as a result, the Company’s public statements were materially false and misleading at all relevant times.
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BFLY Stock News and LGVW Stock Longview
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