ROSEN, A TOP RANKED LAW FIRM, Encourages Virgin Galactic Holdings, Inc. Investors to Secure Counsel Before Important July 27 Deadline in Securities Class Action

New York, New York – (Newsfile Corp. – June 26, 2021) – WHY: Rosen Law Firm, a global investor rights law firm, will remind buyers of Virgin Galactic Holdings, Inc. (NYSE: SPCE) securities between October and October October 26, 2019 and April 30, 2021 (the “Class Period”) of the July 27, 2021 Key Plaintiffs Deadline.

SO WHAT: If you acquired Virgin Galactic securities during the class action period, you may be entitled to compensation without paying any out-of-pocket or expense through a contingency fee agreement.

WHAT TO DO NEXT: To participate in Virgin Galactic’s class action lawsuit, go to http://www.rosenlegal.com/cases-register-2087.html 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 want to serve as the lead plaintiff, you must call the court by July 27, 2021 at the latest. A lead plaintiff is a representative party who acts on behalf of other class members in the conduct of the dispute.

WHY ROSEN LAW: We encourage investors to select skilled lawyers with a track record in leadership roles. Advertising companies often do not have comparable experience or resources. Rosen law firm represents investors around the world and focuses its practice on securities class actions and shareholder derivatives lawsuits. Rosen Law Firm Raised Largest Securities Class Action to Date 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 law firm has been ranked in the top 4 every year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone, the company raised over $ 438 million for investors. In 2020 founding partner Laurence Rosen was named by Law360 as the Titan of Plaintiffs’ Bar. Many of the firm’s attorneys are recognized by Lawdragon and Super Lawyers.

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DETAILS OF THE CASE: According to the lawsuit, throughout the class action period, defendants made false and / or misleading information and / or failed to disclose: (1) for accounting purposes, Social Capital Hedosophia Holdings Corp. Warrants were to be treated as liabilities rather than shares; (2) Virgin Galactic had inadequate disclosure controls and procedures and internal controls over financial reporting; (3) As a result, Virgin Galactic has incorrectly accounted for SCH warrants that were outstanding at the time the deal was confirmed by SCH, a Purpose Acquisition Company (“SPAC”) and the Company’s then private predecessor; and (4) as a result, the public statements made by the defendants at all relevant times were essentially false and misleading. When the real details hit the market, the lawsuit claims that investors have suffered damage.

To participate in Virgin Galactic’s class action lawsuit, visit http://www.rosenlegal.com/cases-register-2087.html 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 will not be represented by a lawyer unless you keep one. You can choose an advisor of your choice. You can also remain an absent class member and do nothing at this point. An investor’s ability to partake in a potential future repayment does not depend on their being the lead plaintiff.

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Contact information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, PA
275 Madison Avenue, 40th floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
[email protected]
[email protected]
www.rosenlegal.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/88699

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