DEADLINE APPROACHING: Robbins Geller Rudman & Dowd LLP Announces Substantially Lossed View, Inc. Investors Have Class Action Option
SAN DIEGO, October 7, 2021 (GLOBE NEWSWIRE) – Robbins Geller Rudman & Dowd LLP announces that the buyers or purchasers of the securities of View, Inc. f / k / a CF Finance Acquisition Corp. II (NASDAQ: VIEW) between November 30, 2020 and August 16, 2021 inclusive (the âClass Periodâ) have until October 18, 2021 to apply for appointment as principal applicant. The Seen class action (Mehedi v. View, Inc. f / k / a CF Finance Acquisition Corp. II, n Â° 21-cv-06374) accuses View and some of its senior executives of having violated the Securities Exchange Act of 1934. The Seen The class action lawsuit was filed on August 18, 2021 and was filed in the Northern District of California.
If you wish to serve as the principal applicant of the Seen class action, please fill in your information by clicking here. You can also contact the lawyer JC Sanchez from Robbins Geller by calling 800 / 449-4900 or emailing [email protected].
CASE ALLEGATIONS: CF Finance Acquisition Corp. It was a special purpose acquisition company (“SPAC” or “blank check company”) formed for the purpose of carrying out a merger, a capital stock exchange, an acquisition of assets, a purchase of shares, a reorganization or a similar business combination with one or more businesses. On March 8, 2021, CF Finance Acquisition Corp. II and View merged through a business combination with View as a surviving public entity.
The Seen The Class Action alleges that, throughout the Class Period, the Defendants made false and misleading representations and failed to disclose that: (i) View did not properly accumulate warranty costs associated with its product; (ii) there was a significant weakness in View’s internal controls over accounting and financial reporting related to collateral accumulation; (iii) as a result, View’s financial results for prior periods were inaccurate; and (iv) therefore, the defendants’ positive statements about View’s business, operations and outlook were materially misleading and / or lacking a reasonable basis.
On August 16, 2021, View announced that it “had begun an independent investigation into the adequacy of the warranty previously accumulated by the company.” On this news, View’s share price fell more than 24%, hurting investors.
Robbins Geller Rudman & Dowd LLP launched a dedicated SPAC working group protect investors in blank check companies and seek redress for malpractice. Comprised of experienced litigators, investigators and forensic accountants, the PSPC task force is dedicated to eradicating and prosecuting fraud on behalf of aggrieved PSPC investors. The increase in blank check financing presents unique risks for investors. Robbins Geller’s PSPC Working Group represents the forefront of integrity, honesty and fairness in this rapidly developing area of ââinvestment.
THE MAIN COMPLAINANT PROCESS: The Private Securities Litigation Reform Act of 1995 allows any investor who purchased View securities during the Recourse Period to seek appointment as principal plaintiff in the Seen class action lawsuit. A principal plaintiff is generally the plaintiff with the greatest financial interest in the remedy sought by the putative class which is also typical and adequate of the putative class. A lead applicant acts on behalf of all other class members by ordering Seen class action lawsuit. The lead plaintiff can choose a law firm of their choice to argue the case. Seen class action lawsuit. The ability of an investor to participate in any potential future recovery of the Seen the class action does not depend on the function of principal plaintiff.
ABOUT ROBBINS GELLER RUDMAN & DOWD LLP: With 200 attorneys in 9 offices across the country, Robbins Geller Rudman & Dowd LLP is the largest US law firm representing investors in securities class actions. Robbins Geller lawyers have secured many of the largest shareholder recoveries in history, including the largest securities class action recovery ever – $ 7.2 billion – in In re Enron Corp. Dry. Litigation. The 2020 ISS Securities Class Action Services Top 50 report ranked Robbins Geller # 1 for recovering $ 1.6 billion from investors last year, more than double the amount recovered by any other company from securities claimants. Please visit http://www.rgrdlaw.com for more information.
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Robbins Geller Rudman & Dowd LLP
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JC Sanchez, 800-449-4900