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SHAREHOLDER ALERT: Kaskela Law LLC Announces Shareholder Class Action Lawsuit Against View, Inc. (VIEW) and Encourages Long-Term VIEW Stockholders to Contact the Firm
October 18, 2021 11:45 PM EDT | Source: Kaskela Law LLC
Philadelphia, Pennsylvania--(Newsfile Corp. - October 18, 2021) - Kaskela Law LLC announces that it is investigating View, Inc. ("View" or the "Company") (NASDAQ: VIEW) on behalf of the Company's stockholders. The investigation seeks to determine whether the members of View's board of directors breached their fiduciary duties to the Company and its stockholders.
View is a technology company that manufactures smart building products that are purportedly designed to improve people's health, productivity, and experience while reducing energy consumption. The current Company was formed in March 2021 via a business combination with SPAC entity CF Finance Acquisition Corp. II ("CF II"), with View as the surviving, public entity.
On August 16, 2021, View disclosed the Audit Committee of the Company's Board of Directors "recently began an independent investigation concerning the adequacy of the Company's previously disclosed warranty accrual." As a result, the Company further disclosed that it "has not finalized its financial statements or its assessment of the effectiveness of its disclosure controls and procedures and internal control over financial reporting for the three and six months ended June 30, 2021." Following this news, shares of the Company's common stock fell or over 24% in value, to close on August 17, 2021 at $3.92 per share, on unusually heavy trading volume.
Current View stockholders who purchased or acquired shares of the Company's common stock prior to August 16, 2021 are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (484) 258 - 1585, or by email at skaskela@kaskelalaw.com, to discuss this investigation and their legal rights and options. Additional information may also be found at https://kaskelalaw.com/cases/view-inc/.
Kaskela Law LLC represents investors in securities fraud, corporate governance, and merger & acquisition litigation. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com. This notice may constitute attorney advertising in certain jurisdictions.
CONTACT:
David Seamus Kaskela, Esq.
KASKELA LAW LLC
18 Campus Blvd., Suite 100
Newtown Square, PA 19073
(484) 258 - 1585
www.kaskelalaw.com
skaskela@kaskelalaw.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/100065