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Kuehn Law Encourages Investors of Butterfly Network, Inc. to Contact Law Firm

1. BFLY is under investigation for possible fiduciary breaches by insiders. 2. Lawsuit alleges misrepresentation of post-Merger business prospects. 3. Company's financial projections failed to consider pandemic impacts. 4. Revenue projections and gross margins may be unsustainable. 5. False public statements could negatively impact BFLY's financial condition.

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FAQ

Why Very Bearish?

The allegations indicate significant potential liability and a loss of investor trust, similar to historical cases where companies faced legal repercussions due to misrepresentation, leading to large stock drops.

How important is it?

The ongoing investigation could lead to severe reputational damage and potential financial ramifications for BFLY, making this a critical issue for investors.

Why Short Term?

Immediate investor reaction likely as lawsuits affect market perception and stock performance in the next few quarters.

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BFLY
, /PRNewswire/ -- Kuehn Law, PLLC, a shareholder litigation law firm, is investigating whether certain officers and directors of Butterfly Network, Inc. (NYSE: BFLY) breached their fiduciary duties to shareholders.  According to a federal securities lawsuit, Insiders at Butterfly Network caused the company to misrepresent or fail to disclose that (i) Butterfly had overstated its post-Merger business and financial prospects; (ii) notwithstanding the ongoing COVID-19 pandemic, Butterfly's financial projections failed to take into account the pandemic's broad consequences, which included healthcare logistical challenges, and medical personnel fatigue; (iii) accordingly, Butterfly's gross margin levels and revenue projections were less sustainable than the Company had represented; (iv) all the foregoing was reasonably likely to have a material negative impact on Butterfly's business and financial condition; and (v) as a result, the Company's public statements were materially false and misleading at all relevant times. If you currently own BFLY and purchased prior to March 1, 2021 please contact Justin Kuehn, Esq. here, by email at [email protected] or call (833) 672-0814.  Kuehn Law pays all case costs and does not charge its investor clients. Shareholders should contact the firm immediately as there may be limited time to enforce your rights.  Why Your Participation Matters: As a shareholder your voice matters, and by getting involved, you contribute to the integrity and fairness of the financial markets. Your investment. Your voice. Your future.™  For additional information, please visit Shareholder Derivative Litigation - Kuehn Law. Attorney advertising. Prior results do not guarantee similar outcomes. Contacts:Kuehn Law, PLLCJustin Kuehn, Esq.53 Hill Street, Suite 605Southampton, NY 11968[email protected](833) 672-0814 SOURCE Kuehn Law, PLLC WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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