Archived Investigations

CS Disco, Inc. (NYSE: LAW)

Company Name:CS Disco, Inc.

Stock Symbol:NYSE: LAW

Court:Southern District of New York

Class Period Start:04/21/2021

Class Period End (inclusive):08/11/2022

Filing Deadline:The deadline has passed.

September 20, 2023

CS Disco and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

On August 11, 2022, the Company released disappointing financial results for the second quarter of 2022, disclosing that revenue growth had decelerated drastically over past quarters and that it would no longer be including in its guidance any revenues attributable to its largest customers for the entire year, shocking investors and analysts alike.

On this news, shares of CS Disco plummeted $15.53 between August 11, 2022 and August 12, 2022, a drop of more than 53%.

The case is Gambrill v. CS Disco, Inc., No. 1:23-cv-08270.

Click here to read the first filed complaint.

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Topics:

What Information Do We Collect About You?
How Do We Collect Information About You?
How Will We Use Information We Collect About You?
Marketing
Access to Your Information and Correction
Your California Privacy Rights
Cookies
Data Retention and Storage
Changes to Our Privacy Policy
How to Contact Us