According to the lawsuit, the Offering documents and defendants made false and/or misleading statements and/or failed to disclose that:
- ContextLogic’s fourth quarter 2020 monthly active users (“MAUs”) had declined materially and were not then growing; and
- As a result of the foregoing, defendants materially overstated the Company’s business metrics and financial prospects.
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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