Kaskela Law LLC Announces Stockholder Investigation of WeWork (WE) and Encourages Long-Term WE Stockholders to Contact the Firm

Philadelphia, Pennsylvania--(Newsfile Corp. - February 8, 2022) - Kaskela Law LLC announces that it is investigating claims on behalf of WeWork (NYSE: WE) shareholders.

The investigation seeks to determine whether WeWork and/or the company's officers and directors violated the securities laws in connection with recent corporate disclosures, and whether WeWork investors have been harmed as a result.

In October 2021, WeWork went public through a special purpose acquisition (SPAC) merger with BowX Acquisition Corp. (NASDAQ: BOWX). Following the merger, on October 21, 2021, the first day of trading, shares of WeWork common stock closed at $11.78 per share.

On December 1, 2021, WeWork disclosed that it would be restating financial statements filed by BowX in 2020 and 2021, and that such previously filed financial statements "should no longer be relied upon." Additionally, the company disclosed that "management has concluded that … there was a material weakness in internal control over financial reporting." Following this news, shares of WeWork's common stock declined in value, damaging investors.

Current WeWork shareholders are encouraged to contact Kaskela Law LLC Kaskela Law LLC (Adrienne Bell, Esq.) at (888) 715 - 1740, or by email (abell@kaskelalaw.com) or online at https://kaskelalaw.com/cases/wework/, for additional information about this investigation and their legal rights and options.

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: 

D. Seamus Kaskela, Esq.
Adrienne Bell, Esq.
KASKELA LAW LLC
18 Campus Blvd., Suite 100
Newtown Square, PA 19073
(888) 715 - 1740
(484) 229 - 0750
www.kaskelalaw.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/113095