Virgin Galactic Holdings Inc (SPCE)

[I-Man]

Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Porch Group, Inc. (NASDAQ: PRCH), Virgin Galactic Holdings, Inc. (NYSE: SPCE), Corcept Therapeutics, Inc. (NASDAQ: CORT), and Verra Mobility Corp. (NASDAQ: VRRM). Our investigations concern whether these companies have violated the federal securities laws and/or engaged in other unlawful business practices. Additional information about each case can be found at the link provided.

On March 2, 2022, news outlets reported on the filing of a shareholder lawsuit alleging that former Virgin Galactic chairman Chamath Palihapitiya took advantage of his insider role at the Company to sell some 10 million shares of stock for $315 million before abruptly resigning from the Company's Board of Directors in February 2022.

On this news, Virgin Galactic's stock price fell $1.17 per share, or 12.42%, to close at $8.25 per share on March 3, 2022.