Los Angeles - (NewMediaWire) - April 18, 2022 - The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Butterfly Network, Inc. f/k/a Longview Acquisition Corp. (“Butterfly” or “the Company”) (NYSE: BFLY) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company's securities between February 16, 2021 and November 15, 2021, inclusive (the ''Class Period'') and/or holders of Butterfly common stock as of the record date for the special meeting of shareholders held on February 12, 2021, are encouraged to contact the firm before April 18, 2022.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member. 

According to the Complaint, the Company made false and misleading statements to the market. Butterfly overstated its post-merger business prospects before the merger with Longview Acquisition Corp. The Company’s projections failed to take into consideration the impacts of the COVID-19 pandemic including healthcare logistics and staffing issues. The Company’s revenue and gross margin projections were not sustainable. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Butterfly, investors suffered damages.

Join the case to recover your losses.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com

Office: 310-301-3335

info@schallfirm.com

SOURCE:

The Schall Law Firm