ClaimsFiler, a FREE shareholder information service, reminds investors that they have until January 3, 2023 to file lead plaintiff applications in a securities class action lawsuit against Freshworks Inc., if they purchased or acquired the Company’s shares pursuant and/or traceable to the Company’s September 2021 initial public offering (the “IPO”). This action is pending in the United States District Court for the Northern District of California.
Freshworks investors should visit us at https://claimsfiler.com/cases/nasdaq-frsh-1/ or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.
Freshworks and certain of its executives and others are charged with failing to disclose material information in its IPO Registration Statement and Prospectus (collectively, the “Offering Documents”), violating federal securities laws.
The alleged false and misleading statements and omissions include, but are not limited to, that: (i) at the time of the IPO, the Company possessed information showing that its revenue growth and billings were decelerating (ii) at the time of the IPO, the Company’s net dollar retention rate had stalled; and (iii) as a result of the foregoing, the Company’s Offering Documents were materially false and misleading at all relevant times.
The case is Sundaram v. Freshworks Inc. et al., Case No. 3:22-cv-6750.
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