Deadline on July 19th coming up in Lawsuit for Investors in Okta, Inc. (NASDAQ: OKTA)

A deadline is coming up on July 19, 2022 in the lawsuit filed for certain investors of Okta, Inc. (NASDAQ: OKTA).

Investors who purchased shares of Okta, Inc. (NASDAQ: OKTA) have certain options and there are strict and short deadlines running. Deadline: July 19, 2022. NASDAQ: OKTA 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 Northern District of California the plaintiff alleges on behalf of purchasers of Okta, Inc. (NASDAQ: OKTA) common shares between March 5, 2021 and March 22, 2022, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between March 5, 2021 and March 22, 2022, the Defendants made false and/or misleading statements and/or failed to disclose that: Okta had inadequate cybersecurity controls, that as a result, Okta's systems were vulnerable to data breaches, that Okta ultimately did experience a data breach caused by a hacking group, which potentially affected hundreds of Okta customers, that Okta initially did not disclose and subsequently downplayed the severity of the data breach, that all the foregoing, once revealed, was likely to have a material negative impact on Okta's business, financial condition, and reputation, and that as a result, the Company's public statements were materially false and misleading at all relevant times.

Those who purchased shares of Okta, Inc. (NASDAQ: OKTA) 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.