CS DISCO SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against CS Disco, Inc. - LAW
NEW ORLEANS, Sept. 22, 2023
NEW ORLEANS, Sept. 22, 2023 /PRNewswire/ -- ClaimsFiler, a FREE shareholder information service, reminds investors that they have until November 20, 2023 to file lead plaintiff applications in a securities class action lawsuit against CS Disco, Inc. (NYSE: LAW), if they purchased the Company's shares between July 21, 2021, and August 11, 2022, inclusive (the "Class Period"). This action is pending in the United States District Court for the Southern District of New York.
CS Disco investors should visit us at https://claimsfiler.com/cases/nyse-law/ or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.
About the Lawsuit
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.
ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.
To learn more about ClaimsFiler, visit www.claimsfiler.com.
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