Pomerantz Law Firm Investigates Potential Securities Fraud at Wheels Up Experience Inc.
The law firm of Pomerantz LLP is investigating potential securities fraud or other unlawful business practices by Wheels Up Experience Inc. (NYSE: UP) and certain officers or directors on behalf of investors. The investigation follows a series of financial disclosures that led to significant declines in the company's stock price. In February 2026, Wheels Up reported its fourth-quarter results for fiscal year ended December 31, 2025, showing full-year revenue dropped from $792.1 million in 2024 to $736.5 million in 2025. Additionally, the company's net cash used in operating activities rose sharply to $166.3 million compared to $77.9 million a year earlier. In April 2026, Wheels Up announced plans for a reverse stock split aimed at regaining compliance with NYSE listing standards and inclusion in the Russell 3000 index. This news caused another sharp drop of over 22% in its share price.
Tickers: $UP
Topics: investor_protection legal stock_price_drop