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LAWSUITS FILED AGAINST TDOC, YEXT and U - Jakubowitz Law Pursues Shareholders Claims

Tuesday, 02 August 2022 09:45 PM

Jakubowitz Law

Topic:
Lawsuits

NEW YORK, NY / ACCESSWIRE / August 2, 2022 / Jakubowitz Law announces that securities fraud class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies who purchased shares within the class periods listed below. Shareholders interested in representing the class of wronged shareholders have until the lead plaintiff deadline to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. For more details and to speak with our firm without cost or obligation, follow the links below.

Teladoc Health, Inc. (NYSE:TDOC)

CONTACT JAKUBOWITZ ABOUT TDOC:
https://claimyourloss.com/securities/teladoc-health-inc-loss-submission-form/?id=30505&from=1

Class Period: October 28, 2021 - April 27, 2022

Lead Plaintiff Deadline: August 5, 2022

The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) increased competition, among other factors, was negatively impacting Teladoc's BetterHelp and chronic care businesses; (ii) accordingly, the growth of those businesses was less sustainable than Defendants had led investors to believe; (iii) as a result, Teladoc's revenue and adjusted EBITDA projections for FY 2022 were unrealistic; (iv) as a result of all the foregoing, Teladoc would be forced to recognize a significant non-cash goodwill impairment charge; and (v) as a result, the Company's public statements were materially false and misleading at all relevant times.

Yext, Inc. (NYSE:YEXT)

CONTACT JAKUBOWITZ ABOUT YEXT:
https://claimyourloss.com/securities/yext-lawsuit-submission-form/?id=30505&from=1

Class Period: March 4, 2021 - March 8, 2022

Lead Plaintiff Deadline: August 16, 2022

The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) Yext's revenue and earnings were significantly deteriorating because of, among other things, poor sales execution and performance, as well as COVID-19 related disruptions; (ii) accordingly, Yext was unlikely to meet consensus estimates for its full year fiscal 2022 financial results and fiscal 2023 outlook; and (iii) as a result, the Company's public statements were materially false and misleading at all relevant times.

Unity Software Inc. (NYSE:U)

CONTACT JAKUBOWITZ ABOUT U:
https://claimyourloss.com/securities/unity-software-inc-loss-submission-form/?id=30505&from=1

Class Period: March 5, 2021 - May 10, 2022

Lead Plaintiff Deadline: September 6, 2022

The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) deficiencies in Unity's product platform reduced the accuracy of the Company's machine learning technology; (ii) the foregoing was likely to have a material negative impact on the Company's revenues; (iii) accordingly, Unity had overstated the Company's commercial and/or financial prospects for 2022; (iv) as a result, the Company was likely to have to reduce its fiscal 2022 guidance; and (v) as a result, the Company's public statements were materially false and misleading at all relevant times.

Jakubowitz Law, Tuesday, August 2, 2022, Press release picture

Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887

SOURCE: Jakubowitz Law

Topic:
Lawsuits
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