Harbor Diversified, Inc.

Registration Deadline:

07/08/2024

Submit Your Information

A securities class action has been filed in the USDC — WI. against Harbor Diversified, Inc. (HRBR) (“Harbor Diversified” or the “Company”), on behalf of all persons or entities that purchased or otherwise acquired Harbor Diversified securities between May 10, 2022 and March 29, 2024, both dates inclusive (the “Class Period”).

 

Defendant Harbor Diversified describes itself as “a non-operating holding company that is the parent of a consolidated group of subsidiaries, including AWAC Aviation, Inc. (“AWAC”), which is the sole member of Air Wisconsin Airlines LLC (“Air Wisconsin”), a regional air carrier. Harbor is also the direct parent of three other subsidiaries: (1) Lotus Aviation Leasing, LLC (“Lotus”), which leases flight equipment to Air Wisconsin, (2) Air Wisconsin Funding LLC (“AWF”), which provides flight equipment financing to Air Wisconsin, and (3) Harbor Therapeutics, Inc. (“Therapeutics”), which is a non-operating entity with no material assets.”

 

The complaint alleges, Defendants made false and/or misleading statements and/or failed to disclose that:

 

(1) Harbor Diversified’s financial statements from May 9, 2022 to the present were misstated due to improper revenue recognition;

(2) Harbor Diversified lacked adequate internal controls; and

(3) as a result, Defendants’ statements about its business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all times, thereby harming investors.

 

 

If you purchased Harbor Diversified securities during the class period and would like to receive more information or join the action, please enter your contact information below for a FREE consultation and click “Submit Your Information”.

 

About Lowey Dannenberg

Lowey Dannenberg is a national firm representing institutional and individual investors, who suffered financial losses resulting from corporate fraud and malfeasance in violation of federal securities and antitrust laws. The firm has significant experience in prosecuting multi-million-dollar lawsuits and has previously recovered billions of dollars on behalf of investors.

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