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.