FAIRNESS ALERT: Rosen Law Firm Encourages Lightspeed Commerce Inc. f / k / a Lightspeed POS Inc. Investors With Losses Over $ 100,000 to Obtain Attorney Before Important Securities Class Action Deadline – LSPD
NEW YORK–(COMMERCIAL THREAD) –WHY: Rosen Law Firm, a Global Investor Rights Law Firm, Announces the Filing of a Class Action on Behalf of the Purchasers of the Securities of Lightspeed Commerce Inc. f / k / a Lightspeed POS Inc. (NYSE: LSPD) between September 11, 2020 and September 28, 2021 inclusive (the âRecourse Periodâ). 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.
SO WHAT: If you purchased Lightspeed Securities during the Class Period, you may be entitled to compensation without payment of any costs or out of pocket expenses through a contingency fee agreement.
WHAT TO DO NEXT: To join the Lightspeed class action lawsuit, visit 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 issuing opinions do not have significant experience, resources or recognition by their peers. Be wise in choosing a 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 as the Titan of Plaintiffs’ Bar. Many of the firm’s lawyers have been recognized by Lawdragon and Super Lawyers.
CASE DETAILS: According to the lawsuit, 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, among other things, overestimating 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 in the company’s activity; (2) Lightspeed overestimated the benefits and value of the Company’s various acquisitions; (3) as a result, the Company overvalued its financial situation 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, visit 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 principal applicant.
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