Press release
Investigation announced for Investors in Okta, Inc. (NASDAQ: OKTA) over potential Wrongdoing
An investigation on behalf of investors in Okta, Inc. (NASDAQ: OKTA) shares over potential wrongdoing at Okta, Inc. was announced.
Investors who purchased shares of Okta, Inc. (NASDAQ: OKTA) 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 Okta, Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.
Okta, Inc. reported that its annual Total Revenue rose from $835.42 million for the 12 month period that ended on January 31, 2021, to over $1.3 billion for the 12 months period that ended on January 31, 2022, and that its Net Loss over those time period increased from $266.68 million to $848.41 million.
On October 20, 2023, Okta's Chief Security Officer David Bradbury disclosed in a blog post that "Okta Security has identified adversarial activity that leveraged access to a stolen credential to access Okta's support case management system." Bradbury stated that "[t]he threat actor was able to view files uploaded by certain Okta customers as part of recent support cases" and that "[a]ll customers who were impacted by this have been notified."
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.
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