SAN DIEGO--(BUSINESS WIRE)--The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers of Lightspeed Commerce Inc. (NYSE: LSPD) securities between September 11, 2020 and September 28, 2021, inclusive (the “Class Period”) have until January 18, 2022 to seek appointment as lead plaintiff in Nath v. Lightspeed Commerce Inc., No. 21-cv-06365 (E.D.N.Y.). Commenced on November 16, 2021, the Lightspeed Commerce class action lawsuit charges Lightspeed Commerce and certain of its top executives with violations of the Securities Exchange Act of 1934.
“[e]vidence of declining organic growth and business deterioration through Lightspeed’s IPO, despite management’s claims that Average Revenue Per User (‘ARPU) is increasing; and that Lightspeed Commerce’s [r]ecent acquisition spree has come at escalating costs with no clear path to profitability, while management pursues aggressive revenue reporting practices.”
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If you wish to serve as lead plaintiff of the Lightspeed Commerce class action lawsuit, please provide your information by clicking here. You can also contact attorney Mary K. Blasy of Robbins Geller by calling 800/449-4900 or via e-mail at [email protected]. Lead plaintiff motions for the Lightspeed Commerce class action lawsuit must be filed with the court no later than January 18, 2022.
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