Freshworks Inc. (NasdaqGS: FRSH)
30 Days left to seek lead plaintiff status.
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Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until January 3, 2023 to file lead plaintiff applications in a securities class action lawsuit against Freshworks Inc. (NasdaqGS: FRSH), if they purchased or acquired the Company’s shares pursuant and/or traceable to the Company’s September 2021 initial public offering (the “IPO”).
Freshworks and certain of its executives and others are charged with failing to disclose material information in its IPO Registration Statement and Prospectus (collectively, the “Offering Documents”), violating federal securities laws.
The alleged false and misleading statements and omissions include, but are not limited to, that: (i) at the time of the IPO, the Company possessed information showing that its revenue growth and billings were decelerating (ii) at the time of the IPO, the Company’s net dollar retention rate had stalled; and (iii) as a result of the foregoing, the Company’s Offering Documents were materially false and misleading at all relevant times.
If you purchased or acquired shares of Freshworks as above and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (email@example.com), or fill out the form on this page.
The case is Sundaram v. Freshworks Inc. et al., Case No. 3:22-cv-6750.