Press release
Investigation announced for Investors who lost money with shares of LegalZoom.com, Inc. (NASDAQ: LZ) over potential Wrongdoing
An investigation on behalf of investors in LegalZoom.com, Inc. (NASDAQ: LZ) shares over potential wrongdoing at LegalZoom.com, Inc
Investors who purchased shares of LegalZoom.com, Inc. (NASDAQ: LZ) 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 LegalZoom.com, Inc. officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Mountain View, CA based LegalZoom.com, Inc., together with its subsidiaries, operates an online platform that supports the legal, compliance, and business management needs of small businesses and consumers in the United States.
LegalZoom.com, Inc. reported that its annual Total Revenue rose from $619.97 million in 2022 to $660.72 million in 2023, and that its Net Loss of $48.73 million in 2022 turned to a Net Income of $21.05 million in 2023.
On July 9, 2024, LegalZoom.com, Inc. announced a notable change in the Company's leadership structure. Mr. Dan Wernikoff, the Chief Executive Officer, would immediately be departing the Company. This decision encompasses not only his position as CEO but also his role as a member of the Board of Directors.
LegalZoom.com, Inc. (NASDAQ: LZ) declined from $15.60 per share on August 03, 2023, to as low as $5.33 per share on July 10, 2024.
Those who purchased shares of LegalZoom.com, Inc. (NASDAQ: LZ) 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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