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Case Status:    DISMISSED    
On or around 04/09/2024 (Date of order of final judgment)

Filing Date: August 18, 2021

According to the Complaint, View, Inc. ("View" or the "Company") is a technology company that manufactures smart building products that are purportedly designed to improve people’s health, productivity, and experience while reducing energy consumption. Its primary product is a proprietary electrochromic or “smart” glass panel that, in combination with the Company’s proprietary network and software, intelligently adjusts in response to the sun by tinting from clear to dark states, thereby reducing heat and glare.

CF Finance Acquisition Corp. II ("CF II") was a special purpose acquisition company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. On March 8, 2021, CF II and View combined via a Business Combination with View as the surviving public entity.

The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, the Complaint alleges Defendants failed to disclose to investors: (1) that View had not properly accrued warranty costs related to its product; (2) that there was a material weakness in View’s internal controls over accounting and financial reporting related to warranty accrual; (3) that, as a result, the Company’s financial results for prior periods were misstated; and (4) as a result, Defendants’ statements about its business, operations, and prospects were materially false and misleading and/or lacked reasonable basis at all relevant times.

On February 8, 2022, the Court issued an Order appointing Lead Plaintiff and Counsel. Lead Plaintiff filed an amended Complaint on July 15. Defendants filed Motions to Dismiss the amended Complaint on October 6.

On May 22, 2023, the Court issued an Order granting Defendants' Motions to Dismiss. Plaintiff was given leave to amend the Complaint.

Plaintiff filed a second amended Complaint on August 21, 2023. Defendants filed a Motion to Dismiss the second amended Complaint on October 2.

On April 9, 2024, the Court issued an Order granting Defendants' Motion to Dismiss and entered Judgment for the Defendants.

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