Archived Investigations
LivePerson, Inc. (NasdaqGS: LPSN)
Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until June 23, 2023 to file lead plaintiff applications in a securities class action lawsuit against LivePerson, Inc. (NasdaqGS: LPSN).
LivePerson and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On March 16, 2023, pre-market, the Company filed its 2022 Annual Report on Form 10-K for the year ended December 31, 2022, disclosing that “due to certain control deficiencies which aggregated to a material weakness in the Company’s internal control over financial reporting as further described below, our disclosure controls and procedures were not effective as of December 31, 2022.”
On this news, shares of LivePerson fell $5.64 per share, or 57.73%, to close at $4.13 per share on March 16, 2023.
The case is Straub v. LivePerson, Inc., et al., No. 23-cv-03078.