Stockholder rights law firmย Bragarย Egal & Squire, P.C. has revealed it isย investigatingย WeWorkย on behalf of the companyโs stockholders.ย
Last week,ย WeWorkย announced that it would need to correct financial statements over three quarters after mislabeling a portion of its shares as โpermanent equityโ when it was meant to be labeled as โtemporary equity.โย
In wake of this discovery,ย WeWorkย revealedย there was aย โmaterial weaknessโย in itsย internal reportingย that led to this error and that the financial report issued should not be relied on.ย
Now, the law firm wants to investigate whetherย WeWorkย has violated federal securities laws, or whether it has conducted other unlawful business practices.ย
Bragarย Egal & Squireย is asking those who have purchased or acquiredย WeWorkย shares, suffered a loss, or have information about theseย claimsย to get into contact with the firm.ย
