On December 14, 2023, the United States District Court for the Southern District of New York appointed The Rosen Law Firm as Lead Counsel in this securities class action.  Thereafter, the lawsuit was transferred to the United States District Court for the Western District of Texas Austin Division. Currently, the case is proceeding through the pleading stage.

According to the lawsuit, throughout the Class Period, “CS Disco repeatedly touted strong growth in its revenues attributable to customer usage of its cloud-based electronic discovery platform and asserted that it had good advance visibility into changes in the demand from individual customers over time.” The lawsuit also alleges that “[w]hile the Company also acknowledged that its rapid revenue growth was ‘usage driven’ and may be subject to volatility, it did not inform investors during the Class Period that it had any indication of significant headwinds to its growth.”

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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