{"id":474460,"date":"2021-04-09T18:53:15","date_gmt":"2021-04-09T22:53:15","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=474460"},"modified":"2021-04-09T18:53:15","modified_gmt":"2021-04-09T22:53:15","slug":"hagens-berman-national-trial-attorneys-encourages-porch-group-prch-investors-with-losses-to-contact-its-attorneys-now-firm-investigating-possible-securities-law-violations","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-porch-group-prch-investors-with-losses-to-contact-its-attorneys-now-firm-investigating-possible-securities-law-violations\/","title":{"rendered":"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Porch Group (PRCH) Investors with Losses to Contact Its Attorneys Now, Firm Investigating Possible Securities Law Violations"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">SAN FRANCISCO, April  09, 2021  (GLOBE NEWSWIRE) &#8212; Hagens Berman urges Porch Group Inc. <strong>(NASDAQ: PRCH)<\/strong> investors with significant losses to <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=jZPlVIdZZs8TBe6MRNFML8YDAH8YzgB9Pr3K3L47owpY8n7M14f3ZCIVt0jATmeML4d6BtiKx2DkC2J0_kM7xl57z0njw6eVa6Jsl84uhbvx3Xk_2iAGqrqb6tJMAe6j\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">submit your losses now<\/a>. The firm is investigating possible securities law violations and certain investors may have valuable claims.<\/p>\n<p>\n        <strong>Visit:<\/strong><br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=LMDUUX1sS9-hgDST2QUHG7TagwQJiv9ZCoE6QJBMd0LBA034xDDjk4bfySetG5sRJff1hUDereOd-RKFbOORhP2teDpcXsi-rA9nELQQQefXPkAk2JT72gnaR__OnB6UbBQ8ZHNzuWvAK0iC7Kthwg==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.hbsslaw.com\/investor-fraud\/PRCH<\/a><br \/>\n        <br \/>\n        <strong>Contact An Attorney Now:<\/strong><br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=fHnFT3bAW4-cGGg6Y2X5JEPobnim0_bZ8cDGmC9XMei26VZ-ddITcHXDCCuWuSBPrIPW_P6JiCwwibZnnno4_g==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">PRCH@hbsslaw.com<\/a><br \/>\n        <br \/>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <strong>844-916-0895<\/strong><\/p>\n<p>\n        <strong>Porch Group Inc. (NASDAQ: PRCH) Investigation: <\/strong>\n      <\/p>\n<p>The investigation is focused on whether Porch Group has misrepresented its actual leverage and inflated its gross margins.<\/p>\n<p>On Apr. 8, 2021, analyst <em>Spruce Point Capital Management <\/em>published a scathing report entitled \u201cA Porch On A Flimsy Foundation.\u201d<\/p>\n<p>According to <em>Spruce Point<\/em>, Porch \u201cis a classic example of a Company that has never found a business model that makes sense and was in technical default with a going concern warning before using the frothy SPAC market as an opportunity to allow insiders to dump shares.\u201d<\/p>\n<p>\n        <em>Spruce Point<\/em> accuses the company of concealing or obscuring numerous business activities from 2017 \u2013 2021 and faking a partnership service that doesn\u2019t exist. <em>Spruce Point<\/em> also estimates that Porch understates its true leverage by keeping up to $1.1 billion potential exposure to financial guarantees off its books and artificially inflates its gross margins by engaging in barter transactions.<\/p>\n<p>In response, the price of Porch shares sharply fell on Apr. 9, 2021.<\/p>\n<p>\u201cWe\u2019re focused on investors\u2019 losses and whether Porch Group has cooked its books,\u201d said Reed Kathrein, the Hagens Berman partner leading the investigation.<\/p>\n<p>If you are a Porch Group investor and have significant losses, or have knowledge that may assist the firm\u2019s investigation, <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=bdeM_ONIKvwhMAV5O7l0ZHLfdv_0d1TUWxOUs3K5DDT8djYIhf_-tM5rwPG2DO3ko_HnI7sOz7VPbVzjlzrqSnY6wT2eGEkILtGqJiGDN3G-jy7aAQYqI-h9m9JAiit-E4A2ZL6Xiboq1M9CbnJ1YZim9CIa4aWuIDkIQluU-D0=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">click here to discuss your legal rights with Hagens Berman<\/a>.<\/p>\n<p>\n        <strong>Whistleblowers: <\/strong>Persons with non-public information regarding Porch Group should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at <strong>844-916-0895<\/strong> or email <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=fHnFT3bAW4-cGGg6Y2X5JMJRhRWPMZE24n21mdZsamr3qVfW5okH0JivJGvheY27x7wFYDlwLe57YyQfOxdIyg==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">PRCH@hbsslaw.com<\/a>.<\/p>\n<p>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=rWh0UPGGpQHQfbi6BIV0T7-7WtFESn1temL0dvgvPVPa1YQc81kNF9-lOgGl5KIpaD6J0Bf0JueQwMpxw-Y2LT5PVCzTe_EoTvwgJEAF9lY=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><br \/>\n          <u>About Hagens Berman<\/u><br \/>\n        <\/a><br \/>\n        <br \/>Hagens Berman is a national law firm with nine offices in eight cities around the country and eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation.\u00a0\u00a0 More about the firm and its successes is located at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=jQntajfd9ObDVxSnYvykBR6C5vaZTrSwNZwGlvygt8xgAnMFJMKZSE184MXOumR76K0pUqj-CpZGHhqiutdzcw==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">hbsslaw.com<\/a>. For the latest news visit our <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=zzsWW5FrGHaleQ9FahukC-hc_jt5i1S4bCMdU_aTHdheubB063Qu8DAUcMb7e89QKUMWrxrdFxc5Y8h0eYGR99DqmjEurPCUfj1zJDYjMdc=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>newsroom<\/u><\/a> or follow us on Twitter at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=tKAIzAPVhaQloOeNlHZ9CyAp7wzcJyiaJep9RQKwHiYocsfCUOaV7D0CztJLAL-ZgylKlmU69wPD9xGIHWH0n-yO-mAzbolsI0bbj3SVSsY=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>@classactionlaw<\/u><\/a>.<\/p>\n<p>\n        <u>Contact: <\/u><br \/>\n        <br \/>Reed Kathrein, 844-916-0895<\/p>\n<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIxNDYxNyM0MTE0Mzc5IzIwMTg1MzI=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/ad94f778-fbca-438c-b2a1-b78d55318945\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>SAN FRANCISCO, April 09, 2021 (GLOBE NEWSWIRE) &#8212; Hagens Berman urges Porch Group Inc. (NASDAQ: PRCH) investors with significant losses to submit your losses now. The firm is investigating possible securities law violations and certain investors may have valuable claims. Visit: www.hbsslaw.com\/investor-fraud\/PRCH Contact An Attorney Now: PRCH@hbsslaw.com \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 844-916-0895 Porch Group Inc. (NASDAQ: PRCH) Investigation: The investigation is focused on whether Porch Group has misrepresented its actual leverage and inflated its gross margins. On Apr. 8, 2021, analyst Spruce Point Capital Management published a scathing report entitled \u201cA Porch On A Flimsy Foundation.\u201d According to Spruce Point, Porch \u201cis a classic example of a Company that has never found a business model that makes sense and was in technical default &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-porch-group-prch-investors-with-losses-to-contact-its-attorneys-now-firm-investigating-possible-securities-law-violations\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Porch Group (PRCH) Investors with Losses to Contact Its Attorneys Now, Firm Investigating Possible Securities Law Violations&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-474460","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Porch Group (PRCH) Investors with Losses to Contact Its Attorneys Now, Firm Investigating Possible Securities Law Violations - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-porch-group-prch-investors-with-losses-to-contact-its-attorneys-now-firm-investigating-possible-securities-law-violations\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Porch Group (PRCH) Investors with Losses to Contact Its Attorneys Now, Firm Investigating Possible Securities Law Violations - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SAN FRANCISCO, April 09, 2021 (GLOBE NEWSWIRE) &#8212; Hagens Berman urges Porch Group Inc. (NASDAQ: PRCH) investors with significant losses to submit your losses now. The firm is investigating possible securities law violations and certain investors may have valuable claims. Visit: www.hbsslaw.com\/investor-fraud\/PRCH Contact An Attorney Now: PRCH@hbsslaw.com \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 844-916-0895 Porch Group Inc. (NASDAQ: PRCH) Investigation: The investigation is focused on whether Porch Group has misrepresented its actual leverage and inflated its gross margins. On Apr. 8, 2021, analyst Spruce Point Capital Management published a scathing report entitled \u201cA Porch On A Flimsy Foundation.\u201d According to Spruce Point, Porch \u201cis a classic example of a Company that has never found a business model that makes sense and was in technical default &hellip; Continue reading &quot;HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Porch Group (PRCH) Investors with Losses to Contact Its Attorneys Now, Firm Investigating Possible Securities Law Violations&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-porch-group-prch-investors-with-losses-to-contact-its-attorneys-now-firm-investigating-possible-securities-law-violations\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-09T22:53:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIxNDYxNyM0MTE0Mzc5IzIwMTg1MzI=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hagens-berman-national-trial-attorneys-encourages-porch-group-prch-investors-with-losses-to-contact-its-attorneys-now-firm-investigating-possible-securities-law-violations\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hagens-berman-national-trial-attorneys-encourages-porch-group-prch-investors-with-losses-to-contact-its-attorneys-now-firm-investigating-possible-securities-law-violations\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Porch Group (PRCH) Investors with Losses to Contact Its Attorneys Now, Firm Investigating Possible Securities Law Violations\",\"datePublished\":\"2021-04-09T22:53:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hagens-berman-national-trial-attorneys-encourages-porch-group-prch-investors-with-losses-to-contact-its-attorneys-now-firm-investigating-possible-securities-law-violations\\\/\"},\"wordCount\":414,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hagens-berman-national-trial-attorneys-encourages-porch-group-prch-investors-with-losses-to-contact-its-attorneys-now-firm-investigating-possible-securities-law-violations\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODIxNDYxNyM0MTE0Mzc5IzIwMTg1MzI=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hagens-berman-national-trial-attorneys-encourages-porch-group-prch-investors-with-losses-to-contact-its-attorneys-now-firm-investigating-possible-securities-law-violations\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hagens-berman-national-trial-attorneys-encourages-porch-group-prch-investors-with-losses-to-contact-its-attorneys-now-firm-investigating-possible-securities-law-violations\\\/\",\"name\":\"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Porch Group (PRCH) Investors with Losses to Contact Its Attorneys Now, Firm Investigating Possible Securities Law Violations - 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(NASDAQ: PRCH) investors with significant losses to submit your losses now. The firm is investigating possible securities law violations and certain investors may have valuable claims. Visit: www.hbsslaw.com\/investor-fraud\/PRCH Contact An Attorney Now: PRCH@hbsslaw.com \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 844-916-0895 Porch Group Inc. (NASDAQ: PRCH) Investigation: The investigation is focused on whether Porch Group has misrepresented its actual leverage and inflated its gross margins. On Apr. 8, 2021, analyst Spruce Point Capital Management published a scathing report entitled \u201cA Porch On A Flimsy Foundation.\u201d According to Spruce Point, Porch \u201cis a classic example of a Company that has never found a business model that makes sense and was in technical default &hellip; Continue reading \"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Porch Group (PRCH) Investors with Losses to Contact Its Attorneys Now, Firm Investigating Possible Securities Law Violations\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-porch-group-prch-investors-with-losses-to-contact-its-attorneys-now-firm-investigating-possible-securities-law-violations\/","og_site_name":"Market Newsdesk","article_published_time":"2021-04-09T22:53:15+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIxNDYxNyM0MTE0Mzc5IzIwMTg1MzI=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-porch-group-prch-investors-with-losses-to-contact-its-attorneys-now-firm-investigating-possible-securities-law-violations\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-porch-group-prch-investors-with-losses-to-contact-its-attorneys-now-firm-investigating-possible-securities-law-violations\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Porch Group (PRCH) Investors with Losses to Contact Its Attorneys Now, Firm Investigating Possible Securities Law Violations","datePublished":"2021-04-09T22:53:15+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-porch-group-prch-investors-with-losses-to-contact-its-attorneys-now-firm-investigating-possible-securities-law-violations\/"},"wordCount":414,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-porch-group-prch-investors-with-losses-to-contact-its-attorneys-now-firm-investigating-possible-securities-law-violations\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIxNDYxNyM0MTE0Mzc5IzIwMTg1MzI=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-porch-group-prch-investors-with-losses-to-contact-its-attorneys-now-firm-investigating-possible-securities-law-violations\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-porch-group-prch-investors-with-losses-to-contact-its-attorneys-now-firm-investigating-possible-securities-law-violations\/","name":"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Porch Group (PRCH) Investors with Losses to Contact Its Attorneys Now, Firm Investigating Possible Securities Law Violations - 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