Press release
Investigation announced for Investors in shares of Olo Inc. (NYSE: OLO) over possible Violations of Securities Laws
An investigation for investors in Olo Inc. (NYSE: OLO) shares over potential securities laws violations by Olo Inc. was announced.
Investors who purchased shares of Olo Inc. (NYSE: OLO), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Olo Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
New York based Olo Inc. provides software-as-a-service platform for multi-location restaurants in the United States. Olo Inc. reported that its annual Total Revenue rose from $50.69 million in 2019 to $98.42 million in 2020, and that its Net Loss of $8.25 million in 2019 turned into a Net Income of $3.06 million in 2020.
On March 31, 2021, media outlets reported that the third-party delivery company DoorDash Inc. ("DoorDash") had filed a lawsuit accusing Olo Inc. of fraudulently charging DoorDash higher fees than its competitors, alleging breach of a 2017 contract between the two companies.
Shares of Olo Inc. (NYSE: OLO) declined to as low as $23.92 per share on April 1, 2021.
Those who purchased shares of Olo Inc. (NYSE: OLO) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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