Law Offices of Howard G. Smith continues its investigation on behalf of Porch Group Inc. (“Porch” or the “Company”) (NASDAQ: PRCH) investors concerning the Company’s possible violations of federal securities laws.
On April 8, 2021, Spruce Point Capital Management (“Spruce Point”) published a report alleging that Porch concealed or obscured numerous business activities between 2017 and 2021 and faked a non-existent partnership service. Spruce Point asserted that Porch understates its true leverage by keeping up to $1.1 billion potential exposure to financial guarantees off its books and artificially …
