SPCE INVESTOR ALERT: Shareholder Lawsuit Filed

Boston, Massachusetts--(Newsfile Corp. - June 5, 2021) - The Thornton Law Firm alerts investors that a class action lawsuit has been filed on behalf of investors of Virgin Galactic Holdings, Inc. (NYSE: SPCE). The case is currently in the lead plaintiff stage. Investors who purchased SPCE stock or other securities between October 26, 2019 and April 30, 2021 may contact the Thornton Law Firm's investor protection team by visiting www.tenlaw.com/cases/SPCE for more information. Investors may also email investors@tenlaw.com or call 617-531-3917.

FOR MORE INFORMATION: www.tenlaw.com/cases/SPCE

The case alleges that Virgin Galactic and its senior executives made misleading statements to investors and failed to disclose that: (i) for accounting purposes, the warrants of Social Capital Hedosophia Holdings Corp. ("SCH") were required to be treated as liabilities rather than equities; (ii) Virgin Galactic had deficient disclosure controls and procedures and internal control over financial reporting; and (iii) as a result, Virgin Galactic improperly accounted for SCH warrants that were outstanding at the time of the Business Combination.

Interested SPCE investors have until July 27, 2021 to retain counsel and apply to be a lead plaintiff if they are interested to do so. A lead plaintiff acts on behalf of all other investor class members in managing the class action. Investors do not need to be a lead plaintiff in order to be a class member. If investors choose to take no action, they can remain an absent class member. The class has not yet been certified. Until certification occurs, investors are not represented by an attorney. Thornton Law Firm is not currently representing a plaintiff who filed a complaint but is investigating the case on behalf of investors interested in being a lead plaintiff.

FOR MORE INFORMATION: www.tenlaw.com/cases/SPCE

Thornton Law Firm's securities attorneys are highly experienced in representing investors in recovering damages caused by violations of the securities laws. Its attorneys have established track records litigating securities cases in courts throughout the country and recovering losses on behalf of investors. This may be considered Attorney Advertising in some jurisdictions. Prior results do not guarantee or predict a similar outcome with respect to any future matter.

CONTACT:
Thornton Law Firm LLP
1 Lincoln Street
State Street Financial Center
Boston, MA 02111
www.tenlaw.com/cases/SPCE

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/86565