An investigation on behalf of investors in WeWork Inc. (NASDAQ:WE) shares over potential wrongdoing at WeWork Inc. was announced.
San Diego, CA -- (SBWIRE) -- 01/13/2022 -- Certain directors of WeWork Inc. are under investigation over potential breaches of fiduciary duties.
Investors who purchased shares of WeWork Inc. (NASDAQ: WE) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain WeWork Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.
WeWork Inc. offers flexible workspace solution to individuals, and small and large enterprises worldwide. In October 2021, WeWork Inc. went public through a special purpose acquisition "SPAC" merger with BowX Acquisition Corp.
On December 1, 2021, WeWork Inc. (NASDAQ: WE) disclosed in an SEC filing on December 1, 2021, that it will restate its financial results for 2020 and the first three quarters of 2021. WeWork Inc. said that the company would be restating its financial results for 2020 and the first three quarters of 2021 due to a misclassification of Public Shares that led to "a material weakness in internal control over financial reporting."
Shares of WeWork Inc. (NASDAQ: WE) declined to as low as $7.20 per share on December 15, 2021.
Those who purchased shares of WeWork Inc. (NASDAQ: WE) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.