LOS ANGELES, CA / ACCESSWIRE / August 30, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against MSP Recovery, Inc. f/k/a Lionheart Acquisition Corp. II ("MSP Recovery" or "the Company") (NASDAQ:LIFW), which does business as LifeWallet, for violations of the federal securities laws.
Investors who purchased the Company's securities pursuant and/or traceable to the Company's July 1, 2022 Registration Statement, who held Lionheart common stock who were eligible to vote at Lionheart's May 18, 2022 special meeting, and/or purchased the Company's securities between April 28, 2022 and August 17, 2023, both dates inclusive (the "Class Period"), are encouraged to contact the firm before October 23, 2023.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. MSP Recovery failed to disclose that it was under investigation by the SEC and federal prosecutors. The Company failed to disclose the extent of its problems when it disclosed that its financial statements would require restatement. The Company defrauded a major healthcare provider because it could not afford its assigned claims. 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 MSP Recovery, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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CONTACT:
The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
[email protected]
SOURCE: The Schall Law Firm