NEW YORK, NY / ACCESSWIRE / January 18, 2022 / The securities litigation law firm of The Gross Law Firm issues the following notice on behalf of shareholders in the following publicly traded companies. Shareholders who purchased shares in the following companies during the dates listed are encouraged to contact the firm regarding possible Lead Plaintiff appointment. Appointment as Lead Plaintiff is not required to partake in any recovery.
Lightspeed Commerce Inc. (NYSE:LSPD)
Investors Affected: September 11, 2020 - November 3, 2021
A class action has commenced on behalf of certain shareholders in Lightspeed Commerce Inc. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) Lightspeed had misrepresented the strength of its business by, inter alia, overstating its customer count, gross transaction volume, and increase in Average Revenue Per User, while concealing the Company's declining organic growth and business deterioration; (ii) Lightspeed had overstated the benefits and value of the Company's various acquisitions; (iii) accordingly, the Company had overstated its financial position and prospects; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.
Shareholders may find more information at https://securitiesclasslaw.com/securities/lightspeed-commerce-inc-loss-submission-form/?id=22239&from=1
Paysafe Limited f/k/a Foley Trasimene Acquisition Corp. II (NYSE: PSFE)
Investors Affected: December 7, 2020 - November 10, 2021
A class action has commenced on behalf of certain shareholders in Paysafe Limited f/k/a Foley Trasimene Acquisition Corp II. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) Paysafe was being negatively impacted by gambling regulations in key European markets; (2) Paysafe was encountering performance challenges in its Digital Wallet segment; (3) new eCommerce customer agreements were being pushed back; and (4) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Shareholders may find more information at https://securitiesclasslaw.com/securities/paysafe-limited-f-k-a-foley-trasimene-acquisition-corp-ii-loss-submission-form/?id=22239&from=1
Desktop Metal, Inc. (NYSE:DM)
Investors Affected: March 15, 2021 - November 15, 2021
A class action has commenced on behalf of certain shareholders in Desktop Metal, Inc. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) there were deficiencies in Desktop Metals' acquisition EnvisionTEC's manufacturing and product compliance practices and procedures; (2) the foregoing deficiencies presented a material risk to the commercialization of EnvisionTEC's products; and (3) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Shareholders may find more information at https://securitiesclasslaw.com/securities/desktop-metal-inc-loss-submission-form/?id=22239&from=1
The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a Company lead to artificial inflation of the Company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: [email protected]
Phone: (212) 537-9430
Fax: (833) 862-7770
SOURCE: The Gross Law Firm