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Investigation announced for Investors in shares of Avalara, Inc. (NYSE: AVLR) over potential Wrongdoing

01-31-2022 09:27 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of investors in Avalara, Inc. (NYSE: AVLR) shares over potential wrongdoing at Avalara, Inc.

An investigation on behalf of investors in Avalara, Inc. (NYSE: AVLR) shares over potential wrongdoing at Avalara, Inc.

An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at Avalara, Inc.

Investors who purchased shares of Avalara, Inc. (NYSE: AVLR) 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 concerns whether certain Avalara, Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.

Seattle, WA based Avalara, Inc., together with its subsidiaries, provides cloud-based solutions for transaction tax compliance worldwide. Avalara, Inc. reported that its annual Total Revenue rose from $382.42 million in 2019 to $500.56 million in 2020, and that its Net Loss declined from $50.21 million in 2019 to $49.18 million in 2020.

Shares of Avalara, Inc. (NYSE: AVLR) declined from $154.87 per share in early December 2021, to as low as $95.62 per share on January 28, 2022.

Those who purchased shares of Avalara, Inc. (NYSE: AVLR), 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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