SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Lightspeed Commerce Inc. of a Class Action Lawsuit and a Lead Plaintiff Deadline of January 18, 2022
New York, New York – (Newsfile Corp. – November 30, 2021) – The following statement is issued by Levi & Korsinsky, LLP:
To: Any person or entity who purchased or otherwise acquired Lightspeed Commerce Inc. (“Lightspeed”) (NYSE: LSPD) securities between September 11, 2020 and September 28, 2021. You are hereby notified that a securities class action has been filed in the US District Court for the Eastern Borough of New York. For more information go to:
or contact Joseph E. Levi, Esq. either by email at email@example.com or by phone at (212) 363-7500. There are no costs or obligations for you.
Lightspeed Commerce Inc. NEWS – LSPD NEWS
CASE DETAILS: According to the complaint filed: (i) Lightspeed had misrepresented the strength of its business by overestimating the number of customers, gross transaction volume and increase in average revenue per user, among other things, while obscuring the company’s declining organic growth and business deterioration ; (ii) Lightspeed had overestimated the benefits and value of the company’s various acquisitions; (iii) accordingly, the Company had overstated its financial condition and prospects; and (iv) as a result, the Company’s public statements at all relevant times have been materially false and misleading.
WHAT THIS MEANS FOR SHAREHOLDERS: If you have suffered a loss at Lightspeed, you can apply until January 18, 2022 for the court to appoint you as the lead plaintiff. Your ability to partake in a recovery does not require you to be the lead plaintiff.
NO COST TO YOU: If you purchased Lightspeed securities between September 11, 2020 and September 28, 2021, you may be entitled to compensation with no out-of-pocket expenses or fees.
PROTECT YOUR FINANCIAL INTERESTS: Fill out this short submission form https://www.zlk.com/pslra-1/lightspeed-commerce-inc-loss-submission-form?prid=21736&wire=5 or call 212-363- 7500 to discuss the case with Joseph E. Levi, Esq.
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WHY LEVI & KORSINSKY: Levi & Korsinsky have a proven record of winning hundreds of millions of dollars worth of cases for shareholders over a period of 20 years. We represent and fight for shareholders who have been disadvantaged by companies.
Levi & Korsinsky is a nationally recognized law firm with offices in New York, California, Connecticut and Washington, DC. The firm’s founding partners, Joseph Levi and Eduard Korsinsky, have represented shareholders and institutional clients for nearly 20 years and have had remarkable results for clients in the US and internationally. The company, with more than 80 employees, is committed to promoting, nurturing and maintaining a culture of diversity, equality and inclusion for employees and those we represent. Our attorneys have extensive experience representing investors in securities disputes with a track record of recovering hundreds of millions of dollars in cases. Levi & Korsinsky was ranked one of the leading securities litigation firms in the United States in the SCAS Top 50 Report by Institutional Shareholder Services (“ISS”) for 7 consecutive years. The SCAS Top 50 Report identifies the leading securities law firms in the country, and year on year ISS has recognized Levi & Korsinsky as the leading law firm in securities class action.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 10th floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/105866