Also according to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that:
- inflated the Company’s true ability to successfully secure repeat customers;
- failed to disclose the Company’s increasing dependence on air freight; and
- inflated the expected net revenues, gross margin, and adjusted EBITDA margin for 2022.
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.
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