NEW YORK, NY / ACCESSWIRE / November 28, 2022 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court. Further details about the cases can be found at the links provided. There is no cost or obligation to you.
PYPL Shareholders Click Here: https://www.zlk.com/pslra-1/paypal-lawsuit-loss-submission-form?prid=34106&wire=1
FRSH Shareholders Click Here: https://www.zlk.com/pslra-1/freshworks-class-action-loss-submission-form?prid=34106&wire=1
OLPX Shareholders Click Here: https://www.zlk.com/pslra-1/olaplex-holdings-lawsuit-submission-form?prid=34106&wire=1
* ADDITIONAL INFORMATION BELOW *
PayPal Holdings, Inc. (NASDAQ:PYPL)
This lawsuit is on behalf of all persons or entities who purchased PayPal common stock between February 3, 2021, and February 1, 2022, inclusive.
Lead Plaintiff Deadline: December 5, 2022
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/paypal-lawsuit-loss-submission-form?prid=34106&wire=1
According to the filed complaint, (1) defendants had inflated the Company's vitally important Net New Active Accounts metric guidance through an usually large use of marketing campaigns that were easily susceptible to fraud; i.e. the creation of millions of illegitimate accounts which were created for the sole purpose of taking advantage of cash incentives for account creation; (2) defendants used these marketing campaigns and other incentives to hide the Company's true churn rate and declining levels of engagement with the platform; and (3) as a result, defendants' positive statements about the Company's business, operations, and prospects were materially false and misleading and /or lacked a reasonable basis at all relevant times.
Freshworks Inc. (NASDAQ:FRSH)
This lawsuit is on behalf of persons and entities that purchased Freshworks common stock pursuant to and/or traceable to documents issued in connection with the Company's initial public offering.
Lead Plaintiff Deadline: January 3, 2023
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/freshworks-class-action-loss-submission-form?prid=34106&wire=1
According to the complaint, the documents used to effectuate Freshworks' initial public offering were false and misleading and omitted to state that, at the time of the initial public offering, the Company's business had encountered obstacles. As a result of these obstacles, Freshworks' net dollar retention rate was plateauing, and its revenue growth rate and billings were decelerating.
Olaplex Holdings, Inc. (NASDAQ:OLPX)
This lawsuit is on behalf of persons and entities that purchased or otherwise acquired Olaplex common stock pursuant and/or traceable to the Company's initial public offering conducted on or around September 30, 2021.
Lead Plaintiff Deadline: January 17, 2023
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/olaplex-holdings-lawsuit-submission-form?prid=34106&wire=1
According to the filed complaint, (i) macroeconomic pressures and competition in the haircare market were more robust than the Company had represented to investors; (ii) accordingly, the Company was unlikely to maintain its sales and revenue momentum; and (iii) as a result, it was unlikely that the Company would be able to achieve the financial and operational growth projected in the offering documents; and (iv) as a result, the offering documents were materially false and/or misleading and failed to state information required to be stated therein.
You have until the lead plaintiff deadlines to request that the court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
Levi & Korsinsky is a nationally recognized firm with offices in New York, California, Connecticut, and Washington D.C. The firm's attorneys have extensive expertise and experience representing investors in securities litigation and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Eduard Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
SOURCE: Levi & Korsinsky, LLP