NEW YORK, NY / ACCESSWIRE / July 7, 2022 / Jakubowitz Law announces that securities fraud class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies who purchased shares within the class periods listed below. Shareholders interested in representing the class of wronged shareholders have until the lead plaintiff deadline to petition the court. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. For more details and to speak with our firm without cost or obligation, follow the links below.
Okta, Inc. (NASDAQ:OKTA)
CONTACT JAKUBOWITZ ABOUT OKTA:
https://claimyourloss.com/securities/okta-inc-loss-submission-form/?id=29647&from=1
Class Period : March 5, 2021 – March 22, 2022
Lead Plaintiff Deadline : July 19, 2022
The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) Okta had inadequate cybersecurity controls; (ii) as a result, Okta’s systems were vulnerable to data breaches; (iii) Okta ultimately did experience a data breach caused by a hacking group, which potentially affected hundreds of Okta customers; (iv) Okta initially did not disclose and subsequently downplayed the severity of the data breach; (v) all the foregoing, once revealed, was likely to have a material negative impact on Okta’s business, financial condition, and reputation; and (vi) as a result, the Company’s public statements were materially false and misleading at all relevant times.
IonQ, Inc. (NYSE:IONQ)
CONTACT JAKUBOWITZ ABOUT IONQ:
https://claimyourloss.com/securities/ionq-inc-loss-submission-form/?id=29647&from=1
Class Period : March 30, 2021 – May 2, 2022
Lead Plaintiff Deadline : August 1, 2022
The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) IonQ had not yet developed a 32-qubit quantum computer; (2) the Company’s 11-qubit quantum computer suffered from significant error rates, rendering it useless; (3) IonQ’s quantum the computer is not sufficiently reliable, so it is not accessible despite being available through major cloud providers; (4) a significant portion of IonQ’s revenue was derived from improper roundtripping transactions with related parties; and (5) as a result of the foregoing, defendants’ positive statements about the Company’s business, operations, and prospects were the materially misleading and/or lacked a reasonable basis.
Yext, Inc. (NYSE:YEXT)
CONTACT JAKUBOWITZ ABOUT YEXT:
https://claimyourloss.com/securities/yext-lawsuit-submission-form/?id=29647&from=1
Class Period : March 4, 2021 – March 8, 2022
Lead Plaintiff Deadline : August 16, 2022
The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) Yext’s revenue and earnings were significantly deteriorating because of, among other things, poor sales execution and performance, as well as COVID-19 related disruptions; (ii) accordingly, Yext was unlikely to meet consensus estimates for its full year fiscal 2022 financial results and fiscal 2023 outlook; and (iii) as a result, the Company’s public statements were materially false and misleading at all relevant times.
Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887
SOURCE : Jakubowitz Law
View source version on accesswire.com:
https://www.accesswire.com/707970/LAWSUITS-FILED-AGAINST-OKTA-IONQ-and-YEXT–Jakubowitz-Law-Pursues-Shareholders-Claims
