Lawsuit filed for Investors who lost money with shares of Harbor Diversified, Inc. (OTC: HRBR)

An investor, who purchased shares of Harbor Diversified, Inc. (OTC: HRBR), filed a lawsuit over alleged violations of Federal Securities Laws by Harbor Diversified, Inc. in connection with certain allegedly false and misleading statements.

Investors who purchased shares of Harbor Diversified, Inc. (OTC: HRBR) have certain options and for certain investors are short and strict deadlines running. Deadline: July 8, 2024. OTC: HRBR investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

Appleton, WI based Harbor Diversified, Inc., together with its subsidiaries, provides air transportation services in the United States.

On March 29, 2024, Harbor Diversified, Inc. filed a current report on Form 8-K with the U.S. Securities and Exchange Commission. In this current report, Harbor Diversified, Inc. disclosed "the Company's previously issued (i) consolidated financial statements and related disclosures as of and for the year ended December 31, 2022 contained in the Company's Annual Report on Form 10-K, (ii) interim consolidated financial statements and related disclosures contained in the Quarterly Reports on Form 10-Q as of and for the first three quarters of the year ended December 31, 2022, and (iii) interim consolidated financial statements and related disclosures contained in the Quarterly Reports on Form 10-Q as of and for the first three quarters of the year ended December 31, 2023 (collectively, the "Non-Reliance Periods") should no longer be relied upon due to misstatements contained in such financial statements, and that such financial statements should be restated."

Shares of Harbor Diversified, Inc. (OTC: HRBR) declined from $2.99 per share on August 24, 2022, to as low as $1.5 per share on May 10, 2024.

The plaintiff claims that between May 10, 2022 and March 29, 2024, the defendants made materially false and/or misleading statements and/or failed to disclose that Harbor Diversified's financial statements from May 9, 2022 to the present were misstated due to improper revenue recognition, that Harbor Diversified lacked adequate internal controls, and that as a result, defendants' statements about its business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all times.

Those who purchased shares of Harbor Diversified, Inc. (OTC: HRBR) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.