STOCK TITAN

Shapiro Haber & Urmy LLP Has Concluded That Legacy Matterport Shareholders May Have Valuable Claims Against Matterport, Inc.

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Negative)
Tags

Shapiro Haber & Urmy LLP has announced that Legacy Matterport shareholders may have valuable claims against Matterport (NASDAQ: MTTR). This stems from the July 2021 business combination transaction where Legacy Matterport became public via a SPAC merger. Shareholders who received new Matterport shares during this transaction might be entitled to significant money damages, regardless of whether they still own the shares or have sold them.

The law firm is offering to provide additional information about legal rights in this matter. Interested parties can contact Ian McLoughlin at imcloughlin@shulaw.com or (617) 439-3939. Shapiro Haber & Urmy LLP specializes in representing shareholders and consumers in class actions against corporate defendants, as well as in derivative actions.

Shapiro Haber & Urmy LLP ha annunciato che i soci di Legacy Matterport potrebbero avere pretese preziose contro Matterport (NASDAQ: MTTR). Questo deriva dalla transazione di fusione commerciale di luglio 2021, in cui Legacy Matterport è diventata pubblica tramite una fusione SPAC. I soci che hanno ricevuto nuove azioni Matterport durante questa transazione potrebbero avere diritto a significativi risarcimenti in denaro, indipendentemente dal fatto che possiedano ancora le azioni o le abbiano vendute.

Lo studio legale offre di fornire ulteriori informazioni sui diritti legali in merito. Le parti interessate possono contattare Ian McLoughlin all'indirizzo imcloughlin@shulaw.com o al numero (617) 439-3939. Shapiro Haber & Urmy LLP è specializzato nella rappresentanza di azionisti e consumatori in azioni collettive contro i difensori aziendali, così come in azioni derivate.

Shapiro Haber & Urmy LLP ha anunciado que los accionistas de Legacy Matterport pueden tener reclamaciones valiosas contra Matterport (NASDAQ: MTTR). Esto se debe a la transacción de combinación empresarial de julio de 2021, donde Legacy Matterport se hizo pública a través de una fusión SPAC. Los accionistas que recibieron nuevas acciones de Matterport durante esta transacción podrían tener derecho a indemnizaciones significativas, independientemente de si aún poseen las acciones o las han vendido.

El bufete de abogados está ofreciendo proporcionar información adicional sobre los derechos legales en este asunto. Las partes interesadas pueden contactar a Ian McLoughlin en imcloughlin@shulaw.com o al (617) 439-3939. Shapiro Haber & Urmy LLP se especializa en representar a accionistas y consumidores en acciones colectivas contra demandados corporativos, así como en acciones derivadas.

Shapiro Haber & Urmy LLP는 Legacy Matterport 주주가 Matterport (NASDAQ: MTTR)에 대해 귀중한 청구권을 가질 수 있다고 발표했습니다. 이는 2021년 7월에 Legacy Matterport가 SPAC 합병을 통해 상장된 사업 결합 거래에서 비롯됩니다. 이 거래 중에 새로운 Matterport 주식을 받은 주주들은 주식을 여전히 보유하고 있는지 또는 판매했는지에 관계없이 상당한 금전적 손해 배상 받을 자격이 있을 수 있습니다.

법률 사무소는 이 문제에 대한 법적 권리에 대한 추가 정보를 제공할 것을 제안하고 있습니다. 관심 있는 당사자는 imcloughlin@shulaw.com으로 Ian McLoughlin에게 연락하거나 (617) 439-3939로 전화할 수 있습니다. Shapiro Haber & Urmy LLP는 기업 피고를 상대로 한 집단 소송 및 파생 소송에서 주주와 소비자를 대표하는 전문 법률 사무소입니다.

Shapiro Haber & Urmy LLP a annoncé que les actionnaires de Legacy Matterport pourraient avoir des revendications précieuses contre Matterport (NASDAQ: MTTR). Cela découle de la transaction de combinaison d'affaires de juillet 2021, où Legacy Matterport est devenu public via une fusion SPAC. Les actionnaires ayant reçu de nouvelles actions Matterport pendant cette transaction pourraient avoir droit à des dommages-intérêts significatifs, peu importe s'ils détiennent encore les actions ou les ont vendues.

Le cabinet d'avocats propose de fournir des informations supplémentaires sur les droits légaux dans cette affaire. Les parties intéressées peuvent contacter Ian McLoughlin à l'adresse imcloughlin@shulaw.com ou au (617) 439-3939. Shapiro Haber & Urmy LLP se spécialise dans la représentation des actionnaires et des consommateurs dans les actions collectives contre les défendeurs corporatifs, ainsi que dans les actions dérivées.

Shapiro Haber & Urmy LLP hat angekündigt, dass Aktionäre von Legacy Matterport wertvolle Ansprüche gegen Matterport (NASDAQ: MTTR) haben könnten. Dies resultiert aus der Unternehmensfusion im Juli 2021, bei der Legacy Matterport durch eine SPAC-Fusion öffentlich wurde. Aktionäre, die während dieser Transaktion neue Matterport-Aktien erhalten haben, könnten Anspruch auf erhebliche Geldschäden haben, unabhängig davon, ob sie die Aktien noch besitzen oder verkauft haben.

Die Kanzlei bietet an, weitere Informationen zu den rechtlichen Rechten in dieser Angelegenheit zur Verfügung zu stellen. Interessierte Parteien können Ian McLoughlin unter imcloughlin@shulaw.com oder unter (617) 439-3939 kontaktieren. Shapiro Haber & Urmy LLP hat sich auf die Vertretung von Aktionären und Verbrauchern in Sammelklagen gegen Unternehmensbeklagte sowie in derivativen Klagen spezialisiert.

Positive
  • None.
Negative
  • Potential legal claims against Matterport by Legacy Matterport shareholders
  • Possibility of significant money damages owed by Matterport to former shareholders
  • Legal investigation into the 2021 SPAC business combination transaction

Insights

This announcement from Shapiro Haber & Urmy LLP regarding potential claims against Matterport, Inc. (NASDAQ: MTTR) is a significant development for Legacy Matterport shareholders. The law firm's assertion of "valuable claims" and "significant money damages" suggests potential legal issues stemming from the 2021 SPAC merger.

While the specifics of the claims are not detailed, this could indicate concerns about the valuation, disclosures, or terms of the SPAC transaction. Such legal actions, if pursued, could have financial implications for Matterport and may impact investor confidence. However, it's important to note that at this stage, these are potential claims, not filed lawsuits or proven wrongdoing.

Shareholders should carefully consider their options and seek professional advice before taking any action. This situation underscores the importance of due diligence in SPAC transactions and highlights potential risks associated with such deals.

The announcement of potential legal claims against Matterport (NASDAQ: MTTR) could have significant financial implications for the company. While the exact monetary value of these claims is not specified, the term "significant money damages" suggests a potentially material impact on Matterport's financials.

Investors should be aware that such legal proceedings, if they materialize, could lead to:

  • Increased legal expenses
  • Potential settlements or judgments
  • Negative impact on the company's cash reserves and balance sheet

Moreover, this situation may create uncertainty around Matterport's financial stability and growth prospects, potentially affecting its stock price and investor sentiment. It's important for current and potential investors to closely monitor any developments and assess how they might impact Matterport's financial health and market valuation.

BOSTON, Aug. 22, 2024 /PRNewswire/ -- This press release concerns Matterport (NASDAQ: MTTR) and valuable claims which some of its past and present shareholders may have against Matterport.

In July 2021, Matterport's predecessor, Legacy Matterport, became a public corporation via a business combination transaction with a SPAC. That business combination transaction entitled the shareholders of Legacy Matterport to receive public shares of the new publicly traded Matterport.

If you were a shareholder of the previously non-public Legacy Matterport who received shares of the new Matterport pursuant to the SPAC business combination in July 2021, you may have valuable claims against Matterport and may be entitled to significant money damages from Matterport in connection with the issuance to you of the new Matterport shares. You may have those claims whether you continue to own the new Matterport shares, or you have sold them.

If you wish to obtain additional information about your legal rights regarding this matter, please contact Ian McLoughlin at imcloughlin@shulaw.com or (617) 439-3939 or visit our website at http://www.shulaw.com/About-Us/Investigations/claims-of-legacy-shareholders-against-matterport-inc/

About Shapiro Haber & Urmy LLP

Shapiro Haber & Urmy represents shareholders and consumers in class actions against corporate defendants, as well as shareholders in derivative actions on behalf of companies against their companies' officers and directors. Shapiro Haber & Urmy is based in Boston but litigates cases throughout the United States.

Contact

Ian J. McLoughlin
Shapiro Haber & Urmy LLP
imcloughlin@shulaw.com
Tel: (617) 439-3939

Cision View original content:https://www.prnewswire.com/news-releases/shapiro-haber--urmy-llp-has-concluded-that-legacy-matterport-shareholders-may-have-valuable-claims-against-matterport-inc-302228852.html

SOURCE Shapiro Haber & Urmy LLP

FAQ

What claims do Legacy Matterport shareholders potentially have against Matterport (MTTR)?

Legacy Matterport shareholders who received shares of the new publicly traded Matterport during the July 2021 SPAC business combination may have valuable claims against Matterport. These claims could potentially entitle them to significant money damages in connection with the issuance of new Matterport shares.

How can affected Matterport (MTTR) shareholders get more information about their legal rights?

Affected shareholders can contact Ian McLoughlin at Shapiro Haber & Urmy LLP via email at imcloughlin@shulaw.com or by phone at (617) 439-3939. They can also visit the firm's website for more information about the investigation into claims against Matterport.

Does selling Matterport (MTTR) shares affect a shareholder's ability to pursue these claims?

No, according to the press release, shareholders may have claims against Matterport whether they continue to own the new Matterport shares or have sold them.

When did the SPAC business combination involving Matterport (MTTR) take place?

The SPAC business combination transaction, which made Legacy Matterport a public , took place in July 2021.

Matterport, Inc.

NASDAQ:MTTR

MTTR Rankings

MTTR Latest News

MTTR Stock Data

1.52B
310.42M
2.98%
59.72%
1.14%
Software - Application
Services-prepackaged Software
Link
United States of America
SUNNYVALE