Adobe Inc.

Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of common stock of Adobe Inc. (NASDAQ: ADBE) between July 23, 2021 and September 15, 2022, both dates inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 19, 2023.

If you purchased Adobe common stock during the Class Period and would like to join the action, please click “Join This Class Action.”

Class Period:July 23, 2021 through September 15, 2022
If you purchased Adobe common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of the case:

According to the lawsuit, during the Class Period, Defendants falsely downplayed competition from Figma, which provides a simple web-based tool for designing user interfaces, and misleadingly suggested that Adobe’s existing offerings were adequate to counter any harms the Company may have otherwise faced due to Figma’s growing market position. As a result, certain statements were materially false and misleading because they failed to disclose that:

  • Figma was growing its market share and was becoming a leader in user experience design;
  • Figma was in direct competition with Adobe on user experience design;
  • Adobe’s product “Express” was not an effective counter to Figma’s growing market share in bringing new customers to Adobe’s paid offerings;
  • Adobe’s other offerings were not succeeding in competing with Figma on user experience design; and
  • Adobe was losing market share to Figma.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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Company Name: Adobe Inc.
Stock Symbol: ADBE
Class Period: July 23, 2021 through September 15, 2022
Court: United States District Court for the Southern District of New York

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The Rosen Law Firm has been ranked among the top 4 law firms each year since 2013 for the number of successful securities class actions on behalf of investors. In 2019 alone, our firm recovered $438 million for investors.

Investors should carefully identify and select experienced counsel with a track record of success leading securities class actions. Often other firms issue press releases about class actions yet do not have comparable experience or resources.

Institutional Shareholders Services ranked the Rosen Law Firm # 1 for the number of securities class action recoveries in 2017.

The Rosen Law Firm represents investors throughout the globe. Our mission is to prosecute securities fraud class actions and protect shareholders’ rights.

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