Portnoy Law Firm Announces Class Action On Behalf Of XTI Aerospace, Inc. Investors
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email:..., to discuss their legal rights, or join the case via . The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors' options for pursuing claims to recover their losses.
According to the lawsuit, throughout the Class Period, defendants made materially false and misleading statements and/or failed to disclose that: (1) senior executives had engaged in certain undisclosed activities; (2) these activities required Board review; (3) there was reason to doubt the effectiveness of XTI Aerospace's disclosure controls and procedures; (4) as a result, XTI Aerospace would be unable to timely file its earnings reports; and (5) as a result of the foregoing, defendants' positive statements about XTI Aerospace's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.
The Portnoy Law Firm represents investors in pursuing claims caused by corporate wrongdoing. The Firm's founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA, NY and TX Bar
...
310-692-8883
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