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Lawsuit filed for Long-Term Investors of Amplitude, Inc. (NASDAQ: AMPL) against certain Directors of Amplitude, Inc.

06-19-2024 06:50 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

A lawsuit was filed by a current investor in Amplitude, Inc. (NASDAQ: AMPL) shares over alleged breaches of fiduciary duty.

A lawsuit was filed by a current investor in Amplitude, Inc. (NASDAQ: AMPL) shares over alleged breaches of fiduciary duty.

A long-term investor in shares of Amplitude, Inc. (NASDAQ: AMPL) filed a lawsuit against certain directors of Amplitude, Inc. over alleged breaches of fiduciary duties.

Investors who are current long term investors in Amplitude, Inc. (NASDAQ: AMPL) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The plaintiff alleges certain current and former insiders of Amplitude, Inc. profited from misrepresentations they made about the likelihood of the company sustaining its revenue growth following its initial public offering. The lawsuit comes after a lawsuit was filed in February 2024 against Amplitude, Inc. over alleged Securiites Laws Violations. According to that complaint filed in the U.S. District Court for the Northern District of California the plaintiff alleges that, the defendants made false and/or misleading statements and/or failed to disclose that Amplitude's land-and-expand strategy was years away from significantly accelerating revenues among its newer client cohorts, and that the rapid acceleration in Amplitude's second quarter of 2021 results resulted from the ephemeral effects of the COVID-19 pandemic which had not continued by September 2021, as Amplitude, Inc clients were expanding at a slower pace.

Those who purchased shares of Amplitude, Inc. (NASDAQ: AMPL) 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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