SAN DIEGO, Aug. 22, 2024 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, LLP announces that a class action lawsuit has commenced on behalf of investors of Spire Global, Inc. (“Spire” or “the Company”) (NYSE: SPIR).
If you incurred significant losses and want to act as the lead plaintiff in the Spire Global class action lawsuit or determine if you are eligible to receive a potential recovery of your losses, please submit your details here: SUBMIT YOUR INFORMATION NOW
CLASS PERIOD: March 6, 2024 and August 14, 2024
LEAD PLAINTIFF DEADLINE: October 21, 2024
DOCKET #: 1:24-cv-01458 (ED. Virginia)
ALLEGATIONS: False and/or misleading statements
Contact for More Information: James Baker, (619) 814-4471, jimb@johnsonfistel.com or fjohnson@johnsonfistel.com
According to the Complaint, the Company made false and misleading statements to the market. Spire’s Space Services contracts included embedded leases of identifiable assets. The Company failed to maintain appropriate internal controls over revenue recognition. The Company overstated revenue for certain Space Services contracts. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Spire, investors suffered damages.
Investor Action Steps: Shareholders who incurred losses during the class period, have until October 21, 2024, to move the court to become a lead plaintiff in this action. A lead plaintiff will act on behalf of all other class members in directing the class-action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the class-action lawsuit. An investor's ability to share any potential future recovery of the class action lawsuit is not dependent upon serving as lead plaintiff.
About Johnson Fistel, LLP | Top Law Firm, Securities Fraud, Investors Rights:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York, Georgia, and Colorado. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. We also extend our services to foreign investors who have purchased on US exchanges. Stay updated with news on stock drops and learn how Johnson Fistel, LLP can help you recover your losses. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com.
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Contact:
Johnson Fistel, LLP
501 W. Broadway, Suite 800, San Diego, CA 92101
James Baker, Investor Relations or Frank J. Johnson, Esq., (619) 814-4471
jimb@johnsonfistel.com or fjohnson@johnsonfistel.com
