The complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operations, and prospects. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that:
- the Company overstated the efficacy of its disclosure controls and procedures and internal control over financial reporting;
- as a result, the Company’s revenues and cost of revenue were materially misstated during the Class Period;
- the foregoing, once revealed, was reasonably likely to have a material negative impact on the Company’s financial condition; and
- as a result, the Company’s public statements were materially false and misleading at all relevant times.
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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