NASDAQ: EGIO

Edgio, Inc.

Rosen Law Firm, a global investor rights law firm, announces that it is investigating potential securities claims on behalf of shareholders of Edgio, Inc. (NASDAQ: EGIO) resulting from allegations that Edgio may have issued materially misleading business information to the investing public.

If you purchased Edgio securities and would like to join the prospective action, please click “Join This Class Action.”

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Details of investigation:

On March 13, 2023, before the market opened, Edgio issued a press release disclosing that it will restate its previously issued financial statements for the years ended December 31, 2021 and 2020, and Quarterly Reports for 2022 and 2021 related to the revenue recognition of its Open Edge Solution. Edgio further disclosed that its audit committee “identified an error in the Company’s historic accounting treatment of Edgio’s Open Edge solution.” As a result, the Company further disclosed that it would be unable to file its annual report on time.

On this news, Edgio’s share price fell $0.16 per share, or 15.53%, to close at $0.8700 per share on March 13, 2023, thereby injuring investors.

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Company Name: Edgio, Inc.
Stock Symbol: EGIO
Class Period: N/A
Court: N/A
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