LOS ANGELES, CA / ACCESSWIRE / January 27, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Expensify, Inc. ("Expensify" or "the Company") (NASDAQ:EXFY) for violations of the federal securities laws.
Investors who purchased the Company's securities pursuant and/or traceable to the Company's November 11, 2021 initial public offering ("IPO"), are encouraged to contact the firm before January 29, 2024.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Expensify suffered from vulnerability to macroeconomic headwinds. The Company overstated its likelihood of achieving its long-term growth projections and inaccurately touted the efficacy of its business model. Based on these facts, the Company's public statements throughout the IPO period were false and materially misleading. When the market learned the truth about Expensify, investors suffered damages.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.
310-301-3335
[email protected]
www.schallfirm.com
SOURCE: The Schall Law Firm