NASDAQ: OKTA

Okta, Inc.

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 Okta, Inc. (NASDAQ: OKTA) between March 5, 2021 and March 22, 2022, both dates inclusive (the “Class Period”). If you wish to serve as lead plaintiff, you must move the Court no later than July 19, 2022.

If you purchased Okta securities between March 5, 2021 and March 22, 2022 and would like to join the action, please click “Join This Class Action.”

 

Class Period:March 5, 2021 through March 22, 2022

Deadline:

15 Days
If you purchased Okta securities 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, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that:

  • Okta had inadequate cybersecurity controls;
  • as a result, Okta’s systems were vulnerable to data breaches;
  • Okta ultimately did experience a data breach caused by a hacking group, which potentially affected hundreds of Okta customers;
  • Okta initially did not disclose and subsequently downplayed the severity of the data breach;
  • all the foregoing, once revealed, was likely to have a material negative impact on Okta’s business, financial condition, and reputation; and
  • as a result, the Company’s public statements were materially false and misleading at all relevant times reasonable basis when made.

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: Okta, Inc.
Stock Symbol: OKTA
Class Period: March 5, 2021 through March 22, 2022
Court: United States District Court for the Northern District of California

Why Rosen Law

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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