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SOND INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Sonder Holdings Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
SonderSonder(US:SOND) GlobeNewswire News Roomยท2024-06-07 12:00

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].