Core Viewpoint - Sonder Holdings Inc. has announced that its audited financial statements for 2022 and unaudited financial statements for 2023 should no longer be relied upon due to accounting errors, leading to a significant drop in stock price and a class action lawsuit from investors [4][2]. Financial Impact - Following the announcement, Sonder's stock price fell by $2.10 per share, or 38.2%, closing at $3.40 per share on March 18, 2024 [2]. Legal Actions - A class action lawsuit has been filed on behalf of investors who lost money on their investments in Sonder, with the Portnoy Law Firm encouraging affected investors to contact them for legal recourse [3][5]. - The complaint alleges that Sonder made materially false and misleading statements regarding its financial health and internal controls, which led to the need for restatements of financial statements [4].

Core Viewpoint - A class action lawsuit has been filed against Sonder Holdings Inc. for alleged violations of federal securities laws, impacting investors who acquired Sonder securities between March 16, 2023, and March 15, 2024 [2][3]. Group 1: Lawsuit Details - The lawsuit seeks to recover damages for investors who purchased Sonder securities during the specified class period [2]. - Allegations include that Sonder made materially false and misleading statements regarding its internal controls and financial statements, which contained errors related to the valuation and impairment of operating lease right-of-use assets [3]. - The lawsuit claims that these misstatements led to the need for Sonder to restate its financial statements for the 2022 Annual Report and interim periods ending March 31, June 30, and September 30, 2023 [3]. Group 2: Investor Information - Investors who suffered losses in Sonder have until June 10, 2024, to request to be appointed as lead plaintiff in the case [4]. - The law firm representing the investors operates on a contingency fee basis, meaning they will only recover costs if successful in the lawsuit [5].

NEW YORK, June 6, 2024 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Sonder Holdings Inc. ("Sonder" or the "Company") (NASDAQ: SOND) and reminds investors of the June 10, 2024 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. Faruqi & Faruqi Logo (PRNewsfoto/Faruqi & Faruqi, LLP)Faruqi & Faruqi Logo (PRNewsfoto/Faruqi & Faruqi, LLP) Faruqi & Faruqi is a leading na ...

NEW YORK, June 05, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Sonder Holdings Inc. ("Sonder" or the "Company") (NASDAQ: SOND). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased. The class action concerns whether Sonder and certain of its o ...

NEW YORK, June 05, 2024 (GLOBE NEWSWIRE) -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Sonder Holdings Inc. ("Sonder" or the "Company") (NASDAQ: SOND) and reminds investors of the June 10, 2024 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In So ...

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating it ...

LOS ANGELES, June 4, 2024 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Sonder Holdings Inc. ("Sonder" or "the Company") (NASDAQ: SOND) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between March 16, 2023 and March 15, 2024, inclusive (the "Class Period"), a ...

ATLANTA, June 03, 2024 (GLOBE NEWSWIRE) -- A shareholder class action lawsuit has been filed against Sonder Holdings Inc. ("Sonder" or the "Company") (NASDAQ: SOND). The lawsuit alleges that Defendants made materially false and misleading statements and/or failed to disclose material adverse information regarding the Company's business, operations, and prospects, including allegations that: (1) Sonder failed to disclose all issues with its internal controls; (2) Sonder's financial statements for the 2022 An ...

NEW YORK, May 30, 2024 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Sonder Holdings Inc. ("Sonder" or the "Company") (NASDAQ: SOND). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased. The class action concerns whether Sonder and certain of its officers ...

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics. CONTACT: The Schall Law Firm Brian Schall, Esq., www.schallfirm.com Office: 310-301-3335 [email protected] SOURCE The Schall Law Firm LOS ANGELES, May 24, 2024 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Sonder Holdings Inc. ("Sonder" or "the Company") (NASDAQ: SOND) for for violations of §§10 ...