ONTF Investor Alert: Class Action Lawsuit Filed | 2021-11-22 | Press Releases

Boston, Massachusetts – (Newsfile Corp. – Nov 22, 2021) – Thornton law firm advises investors that a class action lawsuit has been filed on behalf of ON24, Inc. (NYSE: ONTF) investors. The case is currently at the main plaintiff stage. Investors who have acquired ONTF shares in accordance with the registration statement and prospectus issued in connection with the company’s IPO in February 2021, or who are traceable to it, can contact the Thornton investor protection team at www.tenlaw.com/cases/ON24 for further information Contact Law Firm. Investors can also email investoren@tenlaw.com or call 617-531-3917.

FURTHER INFORMATION: www.tenlaw.com/cases/ON24

In the case, it is alleged that the offer documents were inaccurate and misleading and that at the time of the offer it was not stated that the surge in COVID-19 customers ON24 observed in the run-up to the IPO was a significant number that were not ON24 matched the traditional customer profile and therefore extended their contracts significantly less often. The lawsuit alleges that ON24’s shares were trading only $ 18.66 per share by the time this lawsuit started, a decrease of nearly 63% from its IPO price.

Interested ON24 investors have until January 3, 2022 to hire legal counsel and apply as lead plaintiff if they are interested. A lead plaintiff is acting on behalf of all other members of the investor class in administering the class action. Investors don’t have to be a lead plaintiff to be a class plaintiff. If investors do nothing, they can remain an absent class member. The class is not yet certified. Investors will not be represented by a lawyer until they have been certified. Thornton law firm is not currently representing a plaintiff who has filed a complaint but is investigating the case on behalf of investors interested in being lead plaintiffs.

FURTHER INFORMATION: www.tenlaw.com/cases/ON24

Thornton Law Firm’s securities attorneys are very experienced in representing investors in claiming damages caused by violations of securities laws. His attorneys have a track record of litigating securities cases in courts across the country and recovering losses on behalf of investors. This may be viewed as a lawyer solicitation in some jurisdictions. Past results do not guarantee or predict a similar result with respect to future matters.


Thornton Law Firm LLP

1 Lincoln Street

State Street Financial Center

Boston, MA 02111


To view the source version of this press release, please visit https://www.newsfilecorp.com/release/104680

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