Spire Global, Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - SPIR

LOS ANGELES, Oct. 21, 2024 /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against Spire Global, Inc. ("Spire" or "the Company") (NYSE: SPIR) 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.

Shareholders who purchased shares of SPIR during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery.

CASE DETAILS: According to the Complaint, Spire's Space Services contracts included embedded leases of identifiable assets. The Company failed to maintain appropriate internal controls over revenue recognition. The Company overstated revenue for certain Space Services contracts. Based on these facts, the Company's public statements were false and materially misleading throughout the class period.

If you are a shareholder who suffered a loss, contact us to participate.

WHY DJS LAW GROUP? DJS Law Group's primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.

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

CONTACT:

David J. Schwartz

DJS Law Group

274 White Plains Road, Suite 1

 Eastchester, NY 10709

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SOURCE The Schall Law Firm