Press release
Lawsuit Alert: Investors who lost money with shares of HireRight Holdings Corporation (NYSE: HRT) should contact the Shareholders Foundation
An investigation on behalf of current long term investors in HireRight Holdings Corporation (NYSE: HRT) shares.
Investors who are current long term investors in HireRight Holdings Corporation (NYSE: HRT) shares, 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 for current long term investors in NYSE: HRT stocks follows a lawsuit filed against HireRight Holdings Corporation over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: HRT stocks, concerns whether certain HireRight Holdings Corporation directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Middle District of Tennessee the plaintiff alleges that that the Offering Documents that were issued in connection with HireRight's October 2021 IPO made false and/or misleading statements and/or failed to disclose that HireRight was exposed to customers with significant employment and hiring risk and HireRight derived greater revenue growth from existing client hiring than from new client hiring, that as a result, HireRight's revenue growth was unsustainable to the extent that it relied on the stability of its current customers' hiring and/or the profitability of securing new customers, that accordingly, HireRight had overstated its post-IPO business and/or prospects, and that as a result, defendants' statements about HireRight's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
Those who purchased shares of HireRight Holdings Corporation (NYSE: HRT) 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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