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VLTA.US
id: 119
Volta announced on March 21, 2022, that it reschedules its Q4 and year-end 2021 conference call once it completes the necessary review of its financial results and files an amendment to its quarterly report on form 10-Q for the quarter that ended September 30, 2021.
On this news, the price of Volta common stock fell by 8.4%.
Moreover, on March 28, 2022, Volta announced its two co-founders, including the CEO, were resigning from their respective roles and the board.
On this news, the price of Volta common stock fell by 18.4%.
The combination of such circumstances raises a legitimate question about the proper performance of their statutory obligations by the directors, management, and auditors of the Company.
Case Status
Dismissed
Alleged Offence
Mismanagement,
Failure to Disclose,
Negligence,
Omissions
Suspected Party
Directors,
Management,
Service Provider
Security Type
Stocks
Trade Direction
Long
Shock Event Date
03/21/2022