Kessler Topaz Meltzer & Check, LLP Announces Securities Fraud Class Action Lawsuit Filed Against ON24, Inc.
CLICK HERE TO SUBMIT YOUR ON24 LOSSES
DEADLINE OF THE LEADING APPLICANT: January 3, 2022
SCHOOL LESSON: February 3, 2021 by November 3, 2021
CONTACT A LAWYER TO DISCUSS YOUR RIGHTS:
James Maro, Esq. (484) 270-1453 or Duty free (844) 887-9500 or email at [email protected]
DISCLOSED MALFUNCTION BY ON24
ON24 markets products and services based on webcasting, virtual event and environment technology via an AI-powered platform that enables companies to scale engagement, conversions and pipelines to drive sales growth.
on February 3, 2021, ON24 carried out its IPO $ 50 a share, sells 8.6 million shares and almost generates $ 430 million in new capital. on August 11, 2021, for the past quarter June 30, 2021, ON24 reported a net loss of $ 2.5 million, compared to a net income of $ 5.3 million for the same period last year. After this news, ON24’s share price fell $ 10.00 per share or 30.95% and included $ 22.31 At August 11, 2021. Since then, ON24’s stock has continued to decline, and since November 3, 2021, the company’s stock is down more than 60% from its IPO price.
WHAT CAN I DO?
ON24 investors can register no later than January 3, 2022, seek to be appointed as lead class agent through Kessler Topaz Meltzer & Check, LLP, or other legal counsel, or may choose to do nothing and remain an absent class member. Kessler Topaz Meltzer & Check, LLP encourages ON24 investors who have suffered significant losses to contact the company directly for more information.
CLICK HERE TO SIGN UP IN CASE
Who can be a lead plaintiff?
A lead plaintiff is a representative party who acts on behalf of all class members in the conduct of the dispute. The main plaintiff is usually the investor or small group of investors who have the greatest financial interest and who are also appropriate and typical of the proposed class of investors. The lead plaintiff selects an attorney to represent the lead plaintiff and the group, and those attorneys, if approved by the court, are lead or class plaintiffs. Your ability to participate in a recovery will not be affected by whether or not you wish to be the lead plaintiff.
ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP
Kessler Topaz Meltzer & Check, LLP pursues class action lawsuits in state and federal courts across the country and worldwide. The company has built a worldwide reputation for excellence and reclaimed billions of dollars for victims of corporate fraud and other corporate misconduct. All of our work is driven by a common goal: to protect investors, consumers, employees and others from fraud, abuse, misconduct and negligence by companies and trustees. Ultimately, we succeeded if the bad guys pay and you get your wealth back. The complaint in this lawsuit was not filed by Kessler Topaz Meltzer & Check, LLP. For more information on Kessler Topaz Meltzer & Check, LLP, please visit www.ktmc.com.
Kessler Topas Meltzer & Check, LLP
James Maro, Jr., Esq.
Radnor, PA 19087
(844) 887-9500 (toll free)
SOURCE Kessler Topas Meltzer & Check, LLP