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San Diego, December 4, 2021 /PRNewswire/ – Robbins Geller Rudman & Dodd Law Firm Announced Lightspeed Commerce Inc. (NYSE:LSPD) Securities between September 11, 2020 with November 3, 2021, Including (“class hours”) until January 18, 2022 Seek to be appointed as lead plaintiff Lightspeed Business Class action.First complaint submitted-title Nath v. Lightspeed Commerce Inc., No. 21-cv-06365 (EDNY) – on November 16, 2021 It also accused Lightspeed Commerce and certain executives of violating the Securities Exchange Act of 1934. Similar lawsuits– Pappas v. Lightspeed Commerce Inc., No. 21-cv-10304 (SDNY) – also to be determined in the Southern District New York.
If you want to be the lead plaintiff
Lightspeed Business Class action, Please click here to provide your information. You can also contact a lawyer Mary K. Blasi Robbins Geller call 800/449-4900 or send an email to mblasy@rgrdlaw.com. Lead the plaintiff’s motion Speed of light Business The class action must be no later than January 18, 2022.
Case allegations: Lightspeed Commerce provides business support software as a service platform for small and medium enterprises, retailers, restaurants and golf course operators Canada, America, Germany, Australia, And international.exist September 15, 2020, Lightspeed Commerce completed an initial public offering (“IPO”) of nearly 11 million common stocks in the United States and listed on the New York Stock Exchange, earning more than 332 million USD. On the same day, certain selling shareholders also completed the secondary sale of more than 2 million shares, and the total income exceeded $65 million.
this Lightspeed Business The class action lawsuit stated that during the entire class action period, the defendant made false and misleading statements and did not disclose: (i) Lightspeed Commerce exaggerated 85% of its real customers and exaggerated its pre-IPO business indicators and financial prospects; ( ii) Lightspeed Commerce overestimated its real total transaction volume (“GTV”)-a payment volume metric described by former employees as “smoky”-by overestimating its pre-IPO business indicators and financial outlook by 10% ; (Iii) Lightspeed Commerce then conceals the decline of organic…
The full story can be found on Benzinga.com
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