BOSTON, MA / ACCESSWIRE / June 8, 2021 / The Thornton Law Firm alerts investors that a class action lawsuit has been filed on behalf of investors of ContextLogic Inc. (NASDAQ:WISH). The case is currently in the lead plaintiff stage. Investors who purchased WISH stock or other securities between December 16, 2020 and May 12, 2021 or investors who purchased ContextLogic common stock pursuant or traceable to ContextLogic's initial public offering may contact the Thornton Law Firm's investor protection team by visiting www.tenlaw.com/cases/ContextLogic for more information. Investors may also email [email protected] or call 617-531-3917.
FOR MORE INFORMATION: www.tenlaw.com/cases/ContextLogic
The case alleges that ContextLogic and its senior executives made misleading statements to investors about the strength of ContextLogic's business operations and financial prospects by overstating its then-present monthly active users and monthly active user growth trends.
Interested ContextLogic investors have until July 16, 2021 to retain counsel and apply to be a lead plaintiff if they are interested to do so. A lead plaintiff acts on behalf of all other investor class members in managing the class action. Investors do not need to be a lead plaintiff in order to be a class member. If investors choose to take no action, they can remain an absent class member. The class has not yet been certified. Until certification occurs, investors are not represented by an attorney. Thornton Law Firm is not currently representing a plaintiff who filed a complaint but is investigating the case on behalf of investors interested in being a lead plaintiff.
FOR MORE INFORMATION: www.tenlaw.com/cases/ContextLogic
Thornton Law Firm's securities attorneys are highly experienced in representing investors in recovering damages caused by violations of the securities laws. Its attorneys have established track records litigating securities cases in courts throughout the country and recovering losses on behalf of investors. This may be considered Attorney Advertising in some jurisdictions. Prior results do not guarantee or predict a similar outcome with respect to any future matter.
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Thornton Law Firm LLP
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Boston, MA 02111
www.tenlaw.com/cases/ContextLogic
SOURCE: Thornton Law Firm LLP