Sonder Holdings Inc. Investors: Class action lawsuit filed on behalf of investors; the Portnoy Law Firm

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].