- Oops!Something went wrong.Please try again later.
New York, New York--(Newsfile Corp. - November 28, 2021) - The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Lightspeed Commerce Inc. (NYSE: LSPD) alleging that the Company violated federal securities laws.
Class Period: September 11, 2020 to September 28, 2021
Lead Plaintiff Deadline: January 18, 2022
No obligation or cost to you.
Learn more about your recoverable losses in LSPD:
Lightspeed Commerce Inc. NEWS - LSPD NEWS
CLASS ACTION CASE DETAILS: The filed complaint alleges that Lightspeed Commerce Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) Lightspeed had misrepresented the strength of its business by, inter alia, overstating its customer count, gross transaction volume, and increase in Average Revenue Per User, while concealing the Company's declining organic growth and business deterioration; (ii) Lightspeed had overstated the benefits and value of the Company's various acquisitions; (iii) accordingly, the Company had overstated its financial position and prospects; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.
WHAT THIS MEANS TO YOU AS A SHAREHOLDER: If you have suffered a loss in Lightspeed you have until January 18, 2022 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you purchased Lightspeed securities during the relevant period, you may be entitled to compensation without payment of any out-of-pocket fees.
ABOUT KLEIN LAW FIRM
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. The Klein Law Firm is a boutique litigation firm with experience in a wide range of areas including securities law, corporate finance and commercial litigation. Since 2011, our experienced attorneys have achieved superior results for our clients with a personalized focus. Attorney advertising. Prior results do not guarantee similar outcomes.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/105427