Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Lightspeed Commerce Inc. (LSPD) on Behalf of Investors - Yahoo Finance
LOS ANGELES, November 04, 2021--(BUSINESS WIRE)--Glancy Prongay & Murray LLP ("GPM"), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Lightspeed Commerce Inc. ("Lightspeed" or the "Company") (NYSE: LSPD) investors concerning the Company’s possible violations of the federal securities laws.
If you suffered a loss on your Lightspeed investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at www.glancylaw.com/cases/lightspeed-commerce-inc/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at [email protected] to learn more about your rights.
On September 29, 2021, Spruce Point Capital Management published a report alleging, among other things, that the Company was overstating its customer count and gross transaction volume. On this news, Lightspeed's share price fell $13.73 per share, or more than 12%, to close at $98.77 per share on September 29, 2021
Then, on November 4, 2021, Lightspeed announced that its near term financial outlook would be negatively impacted by "uncertainties in the macro environment including the ongoing effects of COVID-19 in various markets, supply chain issues impacting merchants' ability to stock inventory, and our own ability to add new customers who require Lightspeed hardware owing to shortages in our own supply chains."
On this news, Lightspeed’s share price declined by approximately 30% during intraday trading on November 4, 2021.
Follow us for updates on LinkedIn, Twitter, or Facebook.
Whistleblower Notice: Persons with non-public information regarding Lightspeed should consider their options to aid the investigation or take advantage of the SEC Whistleblower Program. Under the program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Charles H. Linehan at 310-201-9150 or 888-773-9224 or email [email protected].
source: https://finance.yahoo.com/news/glancy-prongay-murray-llp-leading-213000889.html
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.