Deadline on January 18th coming up in Lawsuit for Investors in Lightspeed Commerce Inc. (NYSE: LSPD)

A deadline is coming up on January 18, 2022 in the lawsuit filed for certain investors of Lightspeed Commerce Inc. (NYSE: LSPD) over alleged securities laws violations by Lightspeed Commerce Inc.

Investors who purchased shares of Lightspeed Commerce Inc. (NYSE: LSPD) have certain options and there are strict and short deadlines running. Deadline: January 18, 2022. NYSE: LSPD)stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint filed in the U.S. District Court for the Eastern District of New York the plaintiff alleges on behalf of purchasers of Lightspeed Commerce Inc. (NYSE: LSPD) common shares between September 11, 2020 and September 28, 2021, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between September 11, 2020 and September 28, 2021, the Defendants made false and/or misleading statements and/or failed to disclose that Lightspeed had misrepresented the strength of its business by, inter alia, overstating its customer count, gross transaction volume (“GTV”), and increase in Average Revenue Per User (“ARPU”), while concealing the Company’s declining organic growth and business deterioration, that Lightspeed had overstated the benefits and value of the Company’s various acquisitions, that accordingly, the Company had overstated its financial position and prospects, and that as a result, the Company’s public statements were materially false and misleading at all relevant times.

Those who purchased shares of Lightspeed Commerce Inc. (NYSE: LSPD) 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.

This release was published on openPR.