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UP.US
id: 669, Created by Stan Vick Chase, Scout
Join Wheels Up Experience Inc. (UP) Negligance Case to Fight Losses
How it works?
- We find Attorney for the Case
- Attorney files case on behalf of Investors
- You get updates and receive payout in case of success
Would it cost me anything?
- No, you do not pay anything out of your pocket neither to us, nor to Attorney
- Attorneys get % fee in case of success
- Platform charges service fee from Attorneys
What are the chances for success?
Every Case is unique, but statistically, 47% of Cases end up with a settlement.
Please see below recent successful cases:
How it works?
- We find Attorney for the Case
- Attorney files case on behalf of Investors
- You get updates and receive payout in case of success
Would it cost me anything?
- No, you do not pay anything out of your pocket neither to us, nor to Attorney
- Attorneys get % fee in case of success
- Platform charges service fee from Attorneys
What are the chances for success?
Every Case is unique, but statistically, 47% of Cases end up with a settlement.
Please see below recent successful cases:
- Wheels Up disclosed mistakes in previous financial statement.
- $UP price fell by 11.37%, injuring investors
- Investors suspect that Wheels, its Leaders & Services Providers were negligent and did not properly disclose important information, which as a result led to investment losses.
On March 31, 2023, Wheels Up (UP), an aviation company, announced that they made a mistake in their previous financial statements because they didn't properly report a loss of $62 million that happened in the third quarter of 2022. This means that the company's previous financial statements were not accurate.
The Сompany also said that they had a problem with their internal control system, which is the process they use to make sure that their financial statements are correct. They will explain how they plan to fix this problem in their next annual report.
As a result of these mistakes, the company now realizes that it did not provide enough information to investors during the Q3 of 2022.
On this news, the $UP price fell by 11.37%, injuring investors.
Taking appeared facts into account, Investors have reasons to suspect that Wheels, its Leaders & Services Providers were negligent and did not properly disclose important information, which as a result led to investment losses.
Alleged Offence
Mismanagement,
Misleading Statements,
Financial Misrepresentation,
Failure to Disclose,
Negligence,
Omissions
Suspected Party
Directors,
Management,
Service Provider
Security Type
Stocks
Trade Direction
Long
Shock Event Date
31 March 2023
Case number
23-cv-02900
Filing date
19 April 2023
Class period Start
09 November 2022
Class period End
31 March 2023
Lead Plaintiff Deadline
19 June 2023
Court
Eastern District of New York