SoftBank Group Corp. (SFTBY)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of SoftBank Group Corp. ("SoftBank" or the "Company") (OTCMKTS: SFTBY). Investors who purchased SoftBank securities are encouraged to obtain additional information and assist the investigation.
The investigation concerns whether SoftBank and certain of its officers and/or directors have violated federal securities laws.
On May 12, 2022, Bloomberg published an article entitled “SoftBank’s Son Pays Price for Tech Bets With $20 Billion Loss.” The article reported, in relevant part, that SoftBank’s Chief Executive Officer “Masayoshi Son is paying a steep price for his outsized wagers on money-losing technology companies,” noting that “Son’s SoftBank Group Corp. reported a record annual loss at its Vision Fund unit as a selloff in tech shares pummeled the value of its portfolio companies, including public holdings like Coupang Inc., Uber Technologies Inc. and Didi Global Inc.” On this news, SoftBank’s stock price fell $1.03 per share, or 5.7%, to close at $17.05 per share on May 12, 2022.
If you are aware of any facts relating to this investigation or purchased SoftBank shares you can assist this investigation. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.