A securities class action has been filed the USDC – E.D.N.Y. against LivePerson, Inc. (LPSN) ( “LivePerson” or the “Company”) on behalf of purchasers of the securities of LivePerson between May 10, 2022 through March 16, 2023.
The Complaint alleges the Defendants made statements that were materially false and/or misleading because they misrepresented and failed to disclose adverse facts pertaining to the Company’s business, operations and prospects, which were known to Defendants or recklessly disregarded by them. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that:
- the Company failed to address any material weaknesses with internal controls;
- the Company’s third quarter financial statements, ending September 30, 2022 failed to disclose WildHealth’s suspension of Medicare reimbursement;
- as a result, the Company’s fourth quarter 2022 revenue would be affected; and
- as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times, thereby harming investors.
If you purchased LivePerson securities during the Class Period and would like to receive more information or join the action, please enter your contact information below and click “Submit Your Information”.
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