NEW YORK, December 24, 2021 (GLOBE NEWSWIRE) –
WHY: Rosen Law Firm, a global investor rights law firm, reminds buyers of securities of Lightspeed Commerce Inc. f / k / a Lightspeed POS Inc. (NYSE: LSPD) between September 11, 2020 and November 3, 2020 2021 inclusive (the “Recourse Period”), of the material Principal applicant deadline of January 18, 2022.
SO WHAT: If you purchased Lightspeed securities during the Class Period, you may be entitled to compensation without payment of any fees or out-of-pocket expenses through a contingency fee agreement.
WHAT TO DO NEXT: To join the Lightspeed class action lawsuit, go to http://www.rosenlegal.com/cases-register-2166.html or call Phillip Kim, Esq. toll free at 866-767-3653 or by emailing [email protected] or [email protected] for information on the class action. A class action has already been filed. If you wish to act as the principal applicant, you must apply to the Court no later than January 18, 2022. A principal plaintiff is a representative party acting on behalf of the other members of the class to direct the litigation.
WHY THE ROSEN LAW: We encourage investors to select qualified advisors with a track record of success in leadership roles. Often, companies providing reviews do not have significant experience, resources or recognition by their peers. Many of these companies do not actually litigate class actions in securities. Be wise in choosing the right lawyer. Rosen law firm represents investors around the world, focusing its practice on class actions in securities and derivative litigation between shareholders. Rosen law firm has secured the largest securities class action settlement against a Chinese company. Rosen law firm was ranked # 1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. The firm has been ranked in the top 4 every year since 2013 and has recovered hundreds millions of dollars for investors. In 2019 alone, the company raised more than $ 438 million for investors. In 2020, founding partner Laurence Rosen was appointed by law360 Titan of Plaintiffs’ Bar. Many of the firm’s lawyers have been recognized by Lawdragon and Super Lawyers.
CASE DETAILS: According to the lawsuit, the defendants throughout the litigation period made false and / or misleading statements and / or failed to disclose that: (1) Lightspeed distorted the strength of its business by overestimating, among other things , the number of its customers, the gross transaction volume (GTV) and the increase in average revenue per user (ARPU), while masking the decline in organic growth and the deterioration of the company‘s activity; (2) Lightspeed overestimated the benefits and value of the Company’s various acquisitions; (3) as a result, Lightspeed overestimated its financial position and prospects; and (4) accordingly, the Company’s public statements were materially false and misleading at all material times. When the real details entered the market, the lawsuit claims that investors have suffered damage.
To join the Lightspeed class action lawsuit, go to http://www.rosenlegal.com/cases-register-2166.html or call Phillip Kim, Esq. toll free at 866-767-3653 or by emailing [email protected] or [email protected] for information on the class action.
No class has been certified. Until a group is certified, you are not represented by a lawyer unless you hire one. You can choose the lawyer of your choice. You can also remain an absent group member and do nothing at this point. The ability of an investor to participate in any potential future payback does not depend on whether he is a lead applicant.
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Laurence Rosen, Esq.
Phillip Kim, Esq.
Rosen Law Firm, Pennsylvania
275 Madison Avenue, 40th Floor
New York, New York 10016
Phone. : (212) 686-1060
Toll free: (866) 767-3653
Fax: (212) 202-3827