A group of investors have filed a class action lawsuit against WeWork — the latest of a series of disputes stemming from the company’s failed public offering. In a complaint filed Wednesday in San Francisco’s federal court, the investors claimed WeWork executives overhyped the company’s business plan in order to sell stock, Bloomberg reports. Further, they said the executives minimized losses as “strategic investment spending that would lay the foundation for profitability.” “As would later
source https://therealdeal.com/2020/06/04/wework-softbank-hit-with-class-action-over-failed-ipo/
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