Investors can contact the law firm at no cost to learn more about recovering their losses
LOS ANGELES, May 04, 2023 (GLOBE NEWSWIRE) — The Portnoy Law Firm advises LivePerson, Inc. (NASDAQ: LPSN) investors that a lawsuit filed on behalf of investors that purchased LivePerson securities between May 10, 2022 and March 16, 2023, both dates inclusive (the “Class Period”).
Investors are encouraged to contact an attorney Lesley F. Portnoyby phone 844-767-8529 or e-mail: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a free case evaluation and discuss investors’ options for pursuing claims to recover their losses.
LivePerson, Inc. announced its Q4 and full year 2022 earnings after the market closed on March 15, 2023. The announcement disclosed that control deficiencies were identified in connection with the Company’s review of certain transactions related to its subsidiary WildHealth, which was acquired in February 2022. Earlier, on February 28, 2023, LivePerson had announced a delay in finalizing Form 10-K for the year ended December 31, 2022, citing the need for additional review and testing of revenue recognition with respect to a recently discontinued WildHealth program, and to complete its in-process review of internal controls and procedures. As a result, LivePerson’s shares experienced a sharp drop in after-hours trading on March 15, 2023, followed by a more than 55% plunge in intraday trading when the market opened on March 16, 2023.
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The Portnoy Law Firm represents investors in pursuing claims against causes caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA and NY Bar