Levi & Korsinsky, LLP announces that a BFLY class action lawsuit has been filed on behalf of investors who purchased Butterfly Network, Inc. f/k/a Longview Acquisition Corp. (BFLY) (a) all persons or entities that purchased or otherwise acquired Butterfly securities between February 16, 2021, and November 15, 2021, both dates inclusive and/or (b) all holders of Butterfly common stock as of the record date for the special meeting of shareholders held on February 12, 2021, to consider approval of the merger between Longview Acquisition Corp. and Butterfly. securities between February 16, 2021, and November 15, 2021. For more on the BFLY Lawsuit please contact us today.
According to the Butterfly Network lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (i) Butterfly had overstated its post-merger business and financial prospects; (ii) notwithstanding the ongoing COVID-19 pandemic, Butterfly’s financial projections failed to take into account the pandemic’s broad consequences, which included healthcare logistical challenges, and medical personnel fatigue; (iii) accordingly, Butterfly’s gross margin levels and revenue projections were less sustainable than the Company had represented; (iv) all the foregoing was reasonably likely to have a material negative impact on Butterfly’s business and financial condition; and (v) as a result, the Company’s public statements were materially false and misleading at all relevant times.
If you suffered a loss in Butterfly Network you have until April 18, 2022, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
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New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171