San Diego, Calif.–(Newsfile Corp. – Feb. 16, 2022) – Shareholder rights law firm Johnson Fistel, LLP announces that a class action lawsuit has been filed on behalf of investors in Butterfly Network, Inc. ( “Butterfly” or the “Company”) f/k/a Longview Acquisition Corp. (“Longview”) (NYSE: BFLY) which purchased shares of Butterfly common stock between February 16, 2021 and November 15, 2021, both dates (the “Class Period”). To serve as lead plaintiff in this class action, you must move the Court no later than April 18, 2022.

What actions can I take at this time? If you have suffered a substantial loss and would like to learn more about the lead plaintiff role, please contact Jim Baker ([email protected]) by email or by phone at 619-814-4471. If emailing, please include a phone number. Additionally, you can:

To join this action, you can go to: https://www.cognitoforms.com/JohnsonFistel/ButterflyNetworkIncFkaLongviewAcquisitionCorp

Where [Click here to join this action]. There is no cost or obligation for you.

Longview was a special purpose acquisition company formed for the purpose of effecting a merger, stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses .

Butterfly, a digital health company, develops, manufactures and markets ultrasound imaging solutions in the United States and internationally. The Company offers Butterfly iQ, a portable, single-probe whole-body ultrasound system; and Butterfly iQ+, a point-of-care ultrasound imaging device that connects to a smartphone or tablet.

Between late 2019 and early 2020, a new strain of the coronavirus disease, commonly referred to as COVID-19, became an ongoing global pandemic, with the outbreak first identified in Wuhan, China in December 2019. The virus quickly spread to other countries. , including the United States, urging state, federal and private parties to adopt various health and safety measures to halt the spread of the disease, which has since claimed millions of lives.

On November 20, 2020, nearly a year into the ongoing COVID-19 pandemic, Butterfly issued a press release announcing that it had reached a merger agreement with Longview. Based on the defective proxy, on February 12, 2021, Longview shareholders voted to approve the merger at a special meeting of shareholders. Following the completion of the merger on February 16, 2021, Longview changed its name to “Butterfly Network, Inc.” and shares of Butterfly began trading on the New York Stock Exchange.

The Complaint alleges that, the Power of Attorney was negligently prepared and as a result contained misrepresentations of material facts or failed to state other facts necessary for the statements made not to be misleading and not prepared in accordance with the rules and regulations governing its preparation. In addition, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operations and compliance policies. Specifically, the Attorney and the Defendants made false and/or misleading statements and/or failed to disclose that: (i) Butterfly exaggerated its business and financial prospects after the Merger; (ii) notwithstanding the ongoing COVID-19 pandemic, Butterfly’s financial projections did not take into account the general consequences of the pandemic, which included healthcare logistical challenges and medical staff fatigue; (iii) as a result, Butterfly’s gross margin levels and revenue projections were less sustainable than the Company had represented; (iv) any of the foregoing was reasonably likely to have a material adverse 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 material times.

A lead plaintiff will act on behalf of all other class members to conduct the Butterfly class action. The lead plaintiff may select a law firm of their choice to litigate the class action. An investor’s ability to share in any potential future recovery from the Butterfly class action does not depend on its status as lead plaintiff.

About Johnson Fistel, LLP:

Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivatives and securities class actions. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Lawyer advertisement. Past results do not guarantee future results.

Contact:

Johnson Fistel, LLP

Jim Baker, 619-814-4471

[email protected]

To join this action, you can go to: https://www.cognitoforms.com/JohnsonFistel/ButterflyNetworkIncFkaLongviewAcquisitionCorp

Where [Click here to join this action]. There is no cost or obligation for you.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/114080