Virgin Galactic under investigation by law firm
Labaton Sucharow, a law firm that specializes in “representing clients in securities, antitrust, corporate governance and shareholder rights, and consumer cybersecurity and data privacy litigation,” has opened an investigation into Virgin Galactic’s decision on May 3rd to delay the release of its first quarterly report by six days.
Labaton Sucharow, a nationally ranked and award-winning shareholder rights law firm, is investigating potential securities violations and breach of fiduciary duty claims against Virgin Galactic Holdings Inc. (NYSE:SPCE).
On May 4, Virgin Galactic Holdings Inc. closed down over 9% on enormous volume after the space tourism company said it would restate certain past financial results in the wake of recent comments by the Securities and Exchange Commission on the accounting treatment of deals involving special-purpose acquisition companies.
The stock price is still falling, by the way.
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Labaton Sucharow, a law firm that specializes in “representing clients in securities, antitrust, corporate governance and shareholder rights, and consumer cybersecurity and data privacy litigation,” has opened an investigation into Virgin Galactic’s decision on May 3rd to delay the release of its first quarterly report by six days.
Labaton Sucharow, a nationally ranked and award-winning shareholder rights law firm, is investigating potential securities violations and breach of fiduciary duty claims against Virgin Galactic Holdings Inc. (NYSE:SPCE).
On May 4, Virgin Galactic Holdings Inc. closed down over 9% on enormous volume after the space tourism company said it would restate certain past financial results in the wake of recent comments by the Securities and Exchange Commission on the accounting treatment of deals involving special-purpose acquisition companies.
The stock price is still falling, by the way.
The support of my readers through the years has given me the freedom and ability to analyze objectively the ongoing renaissance in space, as well as the cultural changes -- for good or ill -- that are happening across America. Four years ago, just before the 2020 election I wrote that Joe Biden's mental health was suspect. Only in this year has the propaganda mainstream media decided to recognize that basic fact.
Fourteen years ago I wrote that SLS and Orion were a bad ideas, a waste of money, would be years behind schedule, and better replaced by commercial private enterprise. Even today NASA and Congress refuse to recognize this reality.
In 2020 when the world panicked over COVID I wrote that the panic was unnecessary, that the virus was apparently simply a variation of the flu, that masks were not simply pointless but if worn incorrectly were a health threat, that the lockdowns were a disaster and did nothing to stop the spread of COVID. Only in the past year have some of our so-called experts in the health field have begun to recognize these facts.
Your help allows me to do this kind of intelligent analysis. I take no advertising or sponsors, so my reporting isn't influenced by donations by established space or drug companies. Instead, I rely entirely on donations and subscriptions from my readers, which gives me the freedom to write what I think, unencumbered by outside influences.
Please consider supporting my work here at Behind the Black.
You can support me either by giving a one-time contribution or a regular subscription. There are five ways of doing so:
1. Zelle: This is the only internet method that charges no fees. All you have to do is use the Zelle link at your internet bank and give my name and email address (zimmerman at nasw dot org). What you donate is what I get.
2. Patreon: Go to my website there and pick one of five monthly subscription amounts, or by making a one-time donation.
3. A Paypal Donation:
5. Donate by check, payable to Robert Zimmerman and mailed to
Behind The Black
c/o Robert Zimmerman
P.O.Box 1262
Cortaro, AZ 85652
You can also support me by buying one of my books, as noted in the boxes interspersed throughout the webpage or shown in the menu above. And if you buy the books through the ebookit links, I get a larger cut and I get it sooner.
I don’t know who is bigger space age carnival promoter. Richard Branson or Jeff Bezos? Probably Branson, but Bezos still talks high but seems like a long way from orbital flight.
The difference is that Bezos is (as far as I know) still just playing with his own money.
Uh-Huh! Well, well…
From what I understand the SEC is trying to switch to a more European style accounting structure but announced that this year they would make no changes to anything.
Bad news is hard to announce.
Speaking of unfulfilled promises, how many remember this…..
https://www.popularmechanics.com/flight/airlines/a26557979/pan-am-moon-flights/