LIVEPERSON, INC. (NASDAQ:LPSN) SHAREHOLDER Class Action Alert:…

LIVEPERSON, INC. (NASDAQ:LPSN) SHAREHOLDER Class Action Alert:…

Facebook
Twitter
LinkedIn

Have you lost money investing in LivePerson? If yes, please visit us Class action lawsuit against shareholders of LivePerson, Inc or contact Peter Allocco at (212) 951-2030 or pallocco@bernlieb.com to discuss your rights.

NEW YORK, May 22, 2023 (GLOBE NEWSWIRE) — Amber Liebhard LLPa nationally recognized investor rights law firm, is reminding investors of the deadline for filing a motion by lead plaintiff in a securities class action lawsuit filed on behalf of investors who purchased the securities of LivePerson, Inc. (“LivePerson” or “LivePerson”) or have acquired the company”) LPSN between May 10, 2022 and March 16, 2023inclusive (the “Class Period”). The lawsuit was filed in the U.S. District Court for the Eastern District of New York alleging violations of the Securities Exchange Act of 1934.

If you wish to serve as lead plaintiff, you must call the court at the latest June 23, 2023. A lead plaintiff is a representative party acting on behalf of other group members in conducting the litigation. Your ability to participate in recovery does not require you to serve as lead plaintiff. If you choose not to take action, you may remain an absent class member.

Plaintiff alleges that the Defendants made materially false and misleading statements throughout the Class Period. Specifically, Plaintiff alleges that Defendants failed to disclose: (1) LivePerson failed to address material vulnerabilities through internal controls; (2) LivePerson’s third quarter 2022 financial statements failed to disclose that LivePerson’s subsidiary, WildHealth, was excluded from Medicare reimbursement. and (3) it would impact LivePerson’s revenue in the fourth quarter of 2022.

On February 28, 2023, prior to the market close, the Company issued a Form 12b-25 Late Filing Notice regarding its Annual Report on Form 10-K for the year ended December 31, 2022. As a result of this news, LivePerson’s stock price fell $1.69 per share, or 14.31%, to close at $10.12 per share on February 28, 2023.

Then, on March 6, 2023,…



Source story

More to explorer