WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of securities of Butterfly Network, Inc. f/k/a Longview Acquisition Corp. (NYSE: BFLY): (a) between February 16, 2021 and November 15, 2021, both dates inclusive (the “Class Period”), and/or (b) all holders of Butterfly common stock at the record date of the special meeting of shareholders held on February 12, 2021 to consider the approval of the merger between Longview and Butterfly (the “Merger”) and entitled to vote on the Merger. A class action lawsuit has already been filed. If you wish to act as lead plaintiff, you must move the Court no later than April 18, 2022.
SO WHAT: If you purchased Butterfly securities during the Class Period, you may be entitled to compensation without payment of disbursements or fees through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Butterfly class action, go to https://rosenlegal.com/submit-form/?case_id=3602 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for class action information. A class action lawsuit has already been filed. If you wish to act as lead plaintiff, you must move the Court no later than April 18, 2022. A lead plaintiff is a representative party acting on behalf of other class members to direct litigation.
WHY THE ROSEN LAW: We encourage investors to select qualified attorneys with proven track records in leadership roles. Often, companies issuing reviews do not have comparable experience, resources, or significant peer recognition. Be wise in choosing lawyers. Rosen Law Firm represents investors worldwide, focusing its practice on securities class action and shareholder derivative litigation. Rosen Law Firm has reached the largest securities class action settlement against a Chinese company. Rosen Law Firm was ranked #1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. The firm has ranked in the top 4 every year since 2013 and has recovered hundreds of million dollars for investors. In 2019 alone, the company secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
CASE DETAILS: According to the lawsuit, the power of attorney was negligently prepared and, as a result, contained misrepresentations of material facts or failed to state other facts necessary for the statements made not to be misleading and were not prepared in accordance the rules and regulations governing its preparation. . In addition, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operations and compliance policies. Specifically, the Attorney and the Defendants made false and/or misleading statements and/or failed to disclose that: (1) Butterfly had exaggerated its business and financial prospects after the Merger; (2) notwithstanding the ongoing COVID-19 pandemic, Butterfly’s financial projections did not take into account the general consequences of the pandemic, which included healthcare logistical challenges and medical staff fatigue; (3) as a result, Butterfly’s gross margin levels and revenue projections were less sustainable than the Company had represented; (4) all of the foregoing was reasonably likely to have a material adverse impact on Butterfly’s business and financial condition; and (5) therefore, the Company’s public statements were materially false and misleading at all material times. When the real details entered the market, the lawsuit claims investors suffered damages.
To join the Butterfly action, go to https://rosenlegal.com/submit-form/?case_id=3602 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for class action information.
No class has been certified. Until a class is certified, you are not represented by an attorney unless you retain one. You can choose the lawyer of your choice. You can also remain an absent group member and do nothing at this point. An investor’s ability to participate in any potential future recovery does not depend on their status as lead plaintiff.
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