Ademi LLP is alerting shareholders of a securities fraud class action lawsuit against Harbor (OTC: HRBR). The lawsuit results from inaccurate statements Harbor may have made regarding its accounting, business operations and prospects.
The lawsuit alleges that Harbor failed to disclose that: (1) Harbor’s financial statements from May 9, 2022 to the present were inaccurate due to improper revenue recognition, and (2) Harbor lacked adequate internal controls. The lawsuit notes that on March 29, 2024, the Company filed a report with the SEC announcing that certain of its previously-issued financial statements would need to be restated as a result of improper revenue recognition.