Step 1
Unite with Fellow Investors
Step 2
Choose the Best Attorney
Step 3
Provide Documents
Step 4
Follow Case Progress
Step 5
Get Payout
HRBR.US
id: 1212
Harbor Diversified (HRBR) Incorrect Financial Reports Case
E.D. Wisconsin
Court1:24-cv-00556
Case number10 May 2022
Class period Start29 Mar 2024
Class period End08 Jul 2024
Lead Plaintiff motion deadline$HRBR stockholder filed a claim vs Harbor Diversified for issuing inaccurate financial statements.
On March 29, 2024, $HRBR fell 14.3% losing $12.5M+ of shareholder value.
Harbor Diversified, Inc. is a non-operating holding company with consolidated subsidiaries, including AWAC Aviation, Inc., which is the sole member of Air Wisconsin Airlines LLC. Harbor is also the direct parent of other subsidiaries related to Air Wisconsin operations.
The lawsuit accuses Harbor of issuing inaccurate financial statements because of incorrect revenue recognition, and not having proper internal controls in place.
Considering all the representations, investors have reasons to suspect Harbor Diversified of failing to disclose accurate financial information.
One of the investors has already filed a class action against the Company in the Eastern District of Wisconsin court for issuing inaccurate financial statements.
Case Status
Lead Plaintiff Submission
Alleged Offence
Misleading Statements,
Failure to Disclose,
Omissions
Suspected Party
Directors,
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
29 March 2024
Filing date
07 May 2024
Lead Plaintiff Deadline
08 July 2024
Judge
Hon. William C. Griesbach