Kaskela Law LLC is investigating View, Inc. (“View” or the “Company”) (NASDAQ: VIEW) on behalf of the Company’s stockholders.
View is a technology company that manufactures smart building products that are purportedly designed to improve people’s health, productivity, and experience while reducing energy consumption. The Company was formed in March 2021 through a business combination with SPAC entity CF Finance Acquisition Corp. II (“CF II”), with View as the surviving, public entity.
On August 16, 2021, View disclosed that the Audit Committee of the Company’s Board of Directors “recently began an independent investigation concerning the adequacy of the Company’s previously disclosed warranty accrual.” As a result, the Company further disclosed that it “has not finalized its financial statements or its assessment of the effectiveness of its disclosure controls and procedures and internal control over financial reporting for the three and six months ended June 30, 2021.” Following this news, shares of the Company’s common stock fell or over 24% in value, to close on August 17, 2021 at $3.92 per share, on unusually heavy trading volume.
The investigation is focused on whether the members of View’s board of directors violated the securities laws or breached their fiduciary duties to stockholders in connection with recent corporate actions and disclosures.
Current View stockholders who purchased or acquired shares of the Company’s common stock prior to August 16, 2021 are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (484) 258 – 1585, or by completing the form on this page, for additional information about this investigation and their legal rights and options.