NASDAQ: LTCH, LTCHW

Latch, Inc. f/k/a TS Innovation Acquisitions Corp.

Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Latch, Inc. (NASDAQ: LTCH, LTCHW) between May 13, 2021 and August 25, 2022, both dates inclusive (the “Class Period”). If you wish to serve as lead plaintiff, you must move the Court no later than October 31, 2022.

If you purchased Latch securities and would like to join the prospective action, please click “Join This Class Action.”

Class Period:May 13, 2021 to August 25, 2022
If you purchased Latch securities 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, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose material adverse facts about the Company’s business operations and prospects. Specifically, defendants made false and/or misleading statements and/or failed to disclose that:

  • there were unreported sales arrangements related to hardware devices;
  • as a result, Latch had improperly recognized revenue throughout fiscal 2021 and first quarter 2022;
  • there were material weaknesses in Latch’s internal control over financial reporting related to revenue recognition;
  • as a result of the foregoing, Latch would restate financial statements for fiscal 2021 and first quarter 2022; and
  • as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

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: Latch, Inc. f/k/a TS Innovation Acquisitions Corp.
Stock Symbol: LTCH
Class Period: May 13, 2021 to August 25, 2022
Court: 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.

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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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