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Investigation announced for Long-Term Investors in Everbridge, Inc. (NASDAQ: EVBG)

06-30-2022 04:49 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of current long term investors in Everbridge, Inc. (NASDAQ: EVBG) shares.

An investigation on behalf of current long term investors in Everbridge, Inc. (NASDAQ: EVBG) shares.

An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of Everbridge, Inc.

Investors who are current long term investors in Everbridge, Inc. (NASDAQ: EVBG) shares, 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 for current long term investors in NASDAQ: EVBG stocks follows a lawsuit filed against Everbridge, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: EVBG stocks, concerns whether certain Everbridge, Inc. directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Central District of California the plaintiff alleges that, the Defendants misled investors by failing to disclose that Everbridge was experiencing integration problems with respect to these acquisitions, by using the revenues from these acquisitions to mask increasingly stagnant organic growth, and by failing to disclose that the COVID pandemic was having a material impact on the size of the deals that Everbridge was able to obtain, with a negative effect on the Company's revenue growth.

Those who purchased shares of Everbridge, Inc. (NASDAQ: EVBG) have certain options and should contact the Shareholders Foundation.

Contact:
Christopher Clausen
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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