Press release
Deadline on June 26th coming up in Lawsuit for Investors in Edgio, Inc. (NASDAQ: EGIO)
A Deadline is coming up on June 26, 2023 in the lawsuit for certain investors in Edgio, Inc. (NASDAQ: EGIO).
Investors who purchased shares of Edgio, Inc. (NASDAQ: EGIO) have certain options and there are strict and short deadlines running. Deadline: June 26, 2023. NASDAQ: EGIO 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 District of Arizona the plaintiff alleges on behalf of purchasers of Edgio, Inc. (NASDAQ: EGIO) common shares between February 11, 2021 and March 12, 2023, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between February 11, 2021 and March 12, 2023, the Defendants failed to disclose to investors that the sale of Open Edge equipment should be accounted as financing leases,that there were material weaknesses in the Company's internal controls over financial reporting related to Open Edge transactions, that, as a result, the Company's revenue had been overstated in certain periods, and that, as a result of the foregoing, Defendant's positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Those who purchased shares of Edgio, Inc. (NASDAQ: EGIO) 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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