Recent Security Class Actions

Wheels Up Experience Inc. Class A Common Stock (NYSE: UP)

Company Name:Wheels Up Experience Inc. Class A Common Stock
Stock Symbol:NYSE: UP
Class Period Start:11/09/2022
Class Period End (inclusive):03/31/2023
Filing Deadline:06/19/2023

The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements and/or failed to disclose that: (1) Wheels Up failed to address any material weaknesses with internal controls; (2) Wheels Up’s financial statements from September 30, 2022 to the present included “certain errors” such as understating net loss and overstating goodwill; (3) as a result, Wheels Up would need to restate its previously filed financial statements for certain periods; and (4) as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.