NEW YORK–(BUSINESS WIRE)–#A–Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against Inspirato Incorporated (“Inspirato” or the “Company”) (NASDAQ: ISPO) in the United States District Court District of Colorado on behalf of all persons and entities who purchased or otherwise acquired Inspirato securities between May 11, 2022 and December 15, 2022, both dates inclusive (the “Class Period”). Investors have until April 17, 2023 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
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According to the Complaint, the Company made false and misleading statements to the market. Inspirato’s financial statements for the quarters ending March 31, 2022 and June 30, 2022 (collectively, the “Non-Reliance Periods”) could not be relied upon. The Company incorrectly applied Accounting Standards Update (ASU) No. 2016-02, Leases (Topic 842) (“ASC 842”), resulting in the unreliability of the Non-Reliance Periods. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Inspirato, investors suffered damages.
If you purchased or otherwise acquired Inspirato shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at [email protected], telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
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Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.