Wheels Up Experience Inc.
Rigrodsky Law, P.A. is investigating potential claims against the officers and directors of Wheels Up Experience Inc. ("Wheels Up" or the "Company") on behalf of stockholders. A class action complaint has been filed against Wheels Up. The complaint alleges that defendants made materially false and/or misleading statements because they misrepresented and failed to disclose the following adverse facts pertaining to the Company's business, operations and prospects, which were known to defendants or recklessly disregarded by them. Specifically, defendants made false and/or misleading statements and/or failed to disclose that: (i) Wheels Up failed to address any material weaknesses with internal controls; (ii) Wheels Up's financial statements from September 30, 2022 to the present included "certain errors" such as understating net loss and overstating goodwill; (iii) as a result, Wheels Up would need to restate its previously-filed financial statements for certain periods; and (iv) as a result, defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.