NEW YORK, NY / ACCESSWIRE / December 1, 2021 / Labaton Sucharow, a nationally ranked and award-winning shareholder rights firm, is investigating potential securities violations and breach of fiduciary duty claims against WeWork Inc. (NYSE:WE).
On Wednesday, December 1, 2021, WeWork disclosed in a regulatory filing with the Securities and Exchange Commission that it will restate financial results for 2020 and the first three quarters of 2021 because it failed to properly account for some equity as it went public through a special-purpose acquisition company (SPAC).
The stock dropped more than 5% in extended trading after the disclosure.
If you currently own stock or options in WeWork Inc. and suffered a loss, click here to participate.
If you want to receive additional information and protect your investments free of charge, please contact David J. Schwartz using the toll-free number (800) 321-0476 or via email at [email protected].
About the Firm
Labaton Sucharow LLP is one of the world's leading complex litigation firms representing clients in securities, antitrust, corporate governance and shareholder rights, and consumer cybersecurity and data privacy litigation. Labaton Sucharow has been recognized for its excellence by the courts and peers, and it is consistently ranked in leading industry publications. Offices are located in New York, NY, Wilmington, DE, and Washington, D.C. More information about Labaton Sucharow is available at labaton.com.
CONTACT:
David J. Schwartz
(800) 321-0476
[email protected]
SOURCE: Labaton Sucharow LLP