According to the lawsuit, the Offering Documents made false and/or misleading statements and/or failed to disclose that:
- HireRight was exposed to customers with significant employment and hiring risk and HireRight derived greater revenue growth from existing client hiring than from new client hiring;
- as a result, HireRight’s revenue growth was unsustainable to the extent that it relied on the stability of its current customers’ hiring and/or the profitability of securing new customers;
- accordingly, HireRight had overstated its post-IPO business and/or prospects; and
- as a result, defendants’ statements about HireRight’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis 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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