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LSPD Lawsuit Filed: Jakubowitz Law Pursues Claims on Behalf of Lightspeed Commerce Inc. Shareholders

Newsfile Corp.
·1 min read

New York, New York--(Newsfile Corp. - November 30, 2021) - Jakubowitz Law announces that a securities fraud class action lawsuit has commenced on behalf of shareholders of Lightspeed Commerce Inc. (NYSE: LSPD).

CLICK HERE FOR MORE DETAILS:

https://claimyourloss.com/securities/lightspeed-commerce-inc-loss-submission-form/?id=21720&from=5

Affected shareholders purchased shares of LSPD between September 11, 2020 and September 28, 2021

Shareholders interested in representing the class of wronged shareholders have until January 18, 2022 to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

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According to a filed complaint, Lightspeed Commerce Inc. issued 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.

Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/105826