LifeWallet/MSP Recovery Investors: KlaymanToskes Has Stock Loss Recovery Options

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Investors who suffered losses of $100,000 or more in LifeWallet/MSP Recovery, Inc. (NASDAQ: LIFW) due to broker misconduct can contact the Securities Law Firm of KlaymanToskes for recovery options. The company completed a merger with Lionheart Acquisition Corporation II, a SPAC, and later announced restatements of financial statements and a net loss of $402 million. The stock price has dropped by 92% from its 52-week high.

The Securities Law Firm of KlaymanToskes Offers Investors With Losses in LifeWallet/MSP Recovery, Inc. (NASDAQ: LIFW) Recovery Options

CORAL GABLES, FL / ACCESSWIRE / August 1, 2023 / National investment loss attorneys KlaymanToskes encourages LifeWallet (NASDAQ:LIFW) investors who suffered losses of $100,000 or more as a result of misconduct by their broker/investment advisor to contact the firm immediately at 888-997-9956 for recovery options.

Disclosure: Investors that had self-directed accounts who did not rely on the advice of a financial advisor need not call.

KlaymanToskes is investigating brokerage firms that recommended/managed positions in LifeWallet (formally MSP Recovery, Inc.) and misrepresented or failed to disclose known risks to investors.

MSP Recovery, a company specializing in healthcare claim recoveries, completed its merger withLionheart Acquisition Corporation II, a Special Purchase Acquisition Company ("SPAC") on May 20, 2022. SPACs are historically risky as they lack the earning history and proven management teams that accompany traditional Operating Company IPOs.

On April 14, 2023, MSP Recovery (d/b/a LifeWallet) announced that it "concluded that the Company's quarterly financial statements for the periods ended June 30, 2022 and September 30, 2022 require restatements and should no longer be relied upon." Following this news, the price of its stock dropped by 55% in a one-month period from April to May.

On July 26, 2023, LifeWallet announced in a delayed Form 10-K report for the year ended December 31, 2022, that the company had a net loss of $402 million. Currently, the stock sits at $0.20, representing a 92% decrease from its 52-week high of $2.83, and a 98% decrease from its IPO price of $10.

Brokerage firms that failed to disclose the underlying risks associated with the SPAC, and/or that failed to recommend risk management strategies to customers with large, concentrated or margined positions may be held liable for investor losses.

Investors that suffered losses in excess of $100,000 should immediately contact attorney Lawrence L. Klayman, Esq. for a free consultation at 888-997-9956 and download our SPAC Special Investor Report.

About KlaymanToskes

KlaymanToskes is a leading national securities law firm which practices exclusively in the field of securities arbitration on behalf of retail and institutional investors throughout the world in large and complex securities matters. The firm has recovered over $250 million in FINRA arbitrations and over $350 million in other securities litigation matters. KlaymanToskes has office locations in California, Florida, New York, and Puerto Rico.

Contact

KlaymanToskes, P.A.
Lawrence L. Klayman, Esq.
888-997-9956
lawrence@klaymantoskes.com
www.klaymantoskes.com

SOURCE: KlaymanToskes, P.A.

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FAQ

What is the contact information for the Securities Law Firm of KlaymanToskes?

Investors can contact the firm at 888-997-9956 for recovery options.

What is the stock symbol for LifeWallet?

The stock symbol for LifeWallet is NASDAQ: LIFW.

What caused the stock price to drop?

The stock price dropped due to restatements of financial statements and a net loss of $402 million.

What is the current stock price for LifeWallet?

The current stock price is $0.20.

What is the percentage decrease from the 52-week high?

The stock price has decreased by 92% from its 52-week high.

What was the IPO price of LifeWallet?

The IPO price of LifeWallet was $10.

Who should contact the Securities Law Firm of KlaymanToskes?

Investors who suffered losses of $100,000 or more due to broker misconduct should contact the firm.

What is a SPAC?

A SPAC is a Special Purchase Acquisition Company, which is historically risky as they lack earning history and proven management teams.

Is there a free consultation available?

Yes, attorney Lawrence L. Klayman, Esq. offers a free consultation.

Where can I download the SPAC Special Investor Report?

The SPAC Special Investor Report can be downloaded from the firm's website.