Robbins LLP informs investors about this

SAN DIEGO, May 8, 2024 (GLOBE NEWSWIRE) — Robbins LLP informs investors that it is a shareholder on behalf of all persons and entities who purchased or otherwise acquired securities of Harbor Diversified, Inc. (OTC: HRBR) between May 10 filed a class action lawsuit on March 29, 2024. Harbor Diversified, together with its subsidiaries, provides air transportation services in the United States.

For more information, submit a form, email attorney Aaron Dumas, Jr., or call us at (800) 350-6003.

The accusations: Robbins LLP is investigating allegations that Harbor Diversified, Inc. (HRBR) misled investors about its business prospects

According to the complaint, during the Class Period, defendants failed to disclose that: (1) Harbor Diversified’s financial statements from May 9, 2022 to the present were misstated due to improper revenue recognition and (2) Harbor Diversified did not have adequate internal controls. The complaint alleges that on March 29, 2024, the Company filed a report with the SEC in which it announced that certain of its previously issued financial statements needed to be restated due to revenue recognition errors. On this news, the price of Harbor Diversified stock fell $0.28 per share, or 14.25%, to close at $1.73 on April 1, 2024.

What now: You may be eligible to participate in the Harbor Diversified, Inc. class action lawsuit. Shareholders who wish to serve as lead plaintiff for the class must file motions with the Court by July 8, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. You do not have to be a party to the case to be eligible for compensation. If you choose to take no action, you may remain an absent student. For more information click Here.

All representations are made on a contingency fee basis. Shareholders pay no fees or expenses.

About Robbins LLP: Some law firms issuing notices on this matter do not actually litigate securities class actions. Robbins LLP does. Robbins LLP’s attorneys and staff are recognized leaders in shareholder rights litigation and have been committed since 2002 to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their misconduct pull. Since our inception, we have received over $1 billion for shareholders.

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