ISPO Investors Have Opportunity To Lead Inspirato Incorporated Securities Fraud Lawsuit

3/17/2023 10:17:11 AM

(MENAFN- PR Newswire) LOS ANGELES, March 17, 2023 /PRNewswire/ --
glancy prongay & murray llp ('GPM') announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against Inspirato Incorporated ('Inspirato' or the 'Company') (NASDAQ: ispo ).

Class Period: May 11, 2022 – December 15, 2022
Lead Plaintiff Deadline: April 17, 2023

If you wish to serve as lead plaintiff of the Inspirato lawsuit, you can submit your contact information at . You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at [email protected] to learn more about your rights.

The complaint filed alleges that, throughout the Class Period, Defendants failed to disclose to investors
that: (1) the Company's financial statements for first and second quarter 2022 could no longer be relied upon; (2) that these financial statements incorrectly applied accounting standards related to the assessment of right-of-use assets and liabilities, resulting in an understatement of both right-of-use assets and total lease liabilities of approximately 9% for each of those periods ; (3) the Company was not in compliance with Nasdaq listing requirements due to failure to file its third quarter 2022 quarterly report; and (4) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to
learn more
about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Charles Linehan, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to [email protected] , or visit our website at .
If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

SOURCE Glancy Prongay & Murray LLP

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