Lawsuits Filed Against BFLY, AFRM and FB – Jakubowitz Law Pursues Shareholder Claims

Jakubowitz Law announces that a securities fraud class action lawsuit has been filed on behalf of shareholders of the following publicly traded companies who purchased stock during the class action periods listed below. Shareholders interested in representing the category of aggrieved shareholders have until the deadline of the principal plaintiff to bring their case before the court. Your ability to participate in any collection does not require you to serve as the lead plaintiff. For more details and to speak with our firm at no cost or obligation, follow the links below

Butterfly Network, Inc. f/k/a Longview Acquisition Corp. (NYSE: BFLY)

CONTACT JAKUBOWITZ ABOUT BFLY:
https://claimyourloss.com/securities/butterfly-network-inc-fka-longview-acquisition-corp-loss-submission-form/?id=25607&from=1

This lawsuit is on behalf of: (a) all persons or entities who purchased or otherwise acquired securities of Butterfly between February 16, 2021 and November 15, 2021, both dates inclusive and/or (b) all holders of common stock of Butterfly as of the record date of the special meeting of shareholders held on February 12, 2021 to consider approval of the merger between Longview Acquisition Corp. and Butterfly.

Lead Applicant Deadline : April 18, 2022

The filed complaint alleges that the defendants made materially false and/or misleading statements and/or failed to disclose that: (i) Butterfly exaggerated its post-merger business and financial prospects; (ii) notwithstanding the ongoing COVID-19 pandemic, Butterfly’s financial projections did not take into account the general consequences of the pandemic, which included healthcare logistical challenges and medical staff fatigue; (iii) as a result, Butterfly’s gross margin levels and revenue projections were less sustainable than the Company had represented; (iv) any of the foregoing was reasonably likely to have a material adverse 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 material times.

Affirm Holdings, Inc. (NASDAQ: AFRM)

CONTACT JAKUBOWITZ ABOUT AFRM:
https://claimyourloss.com/securities/affirm-holdings-inc-loss-submission-form/?id=25607&from=1

This lawsuit is on behalf of all investors who purchased or otherwise acquired securities of Affirm Holdings, Inc. on February 10, 2022 after the company tweeted regarding its second quarter 2022 financial results at approximately 1:15 p.m. EST.

Lead Applicant Deadline : April 29, 2022

(i) Affirm’s “buy now, pay later” service facilitated excessive consumer debt, regulatory arbitrage and data collection; (ii) the foregoing has subjected Affirm to increased risk of regulatory review and enforcement action; (iii) Affirm maintained inadequate disclosure controls and procedures and internal control over financial reporting; (iv) as a result, Affirm’s tweet for its second quarter 2022 financial results contained selected metrics that gave the impression that the company performed better than it actually did; and (v) as a result, the Company’s public statements were materially false and misleading at all material times.

Meta Platforms, Inc. (NASDAQ: FB)

CONTACT JAKUBOWITZ ABOUT Facebook:
https://claimyourloss.com/securities/meta-platforms-inc-loss-submission-form/?id=25607&from=1

Course period: March 2, 2021 – February 2, 2022

Lead Applicant Deadline : May 9, 2022

The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) Apple’s iOS privacy changes materially impacted Meta’s ability to provide the type of targeted advertising its customers wanted and, as a result, customer ad spend dropped precipitously; (2) Meta’s mitigation efforts were improperly implemented or ineffective; (3) ad measurement was not accurate because mitigation efforts were failing; and (4) Meta did not have a plan in place to properly address the impact of iOS privacy changes.

The Jakubowitz Act is vigorous in pursuing justice for shareholders who have been victims of securities fraud. Lawyer advertisement. Prior results do not guarantee similar results.

CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th floor
New York, New York 10036
Phone. : (212) 867-4490
Fax : (212) 537-5887

THE SOURCE: Jakubowitz’s law

See the source version on accesswire.com:
https://www.accesswire.com/696286/Lawsuits-Filed-Against-BFLY-AFRM-and-FB-Jakubowitz-Law-Pursues-Shareholders-Claims

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