An investigation on behalf of current long term investors in Freshworks Inc. (NASDAQ:FRSH) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 02/13/2023 -- An investigation was announced for current long-term investors in shares of Freshworks Inc. (NASDAQ: FRSH) concerning potential breaches of fiduciary duties by certain directors of Freshworks Inc.
Investors who are current long term investors in Freshworks Inc. (NASDAQ: FRSH) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for investors in NASDAQ: FRSH stocks follows a lawsuit filed against Freshworks Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: FRSH stocks, concerns whether certain Freshworks Inc. directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that the Offering Documents used to effectuate Freshworks' IPO were false and misleading and omitted to state that, at the time of the offering, the Company's business had encountered obstacles, that as a result, Freshworks' net dollar retention rate was plateauing, and its revenue growth rate and billings were decelerating, and that as the truth about the Company's business reached the market, the value of its shares declined dramatically, causing Freshworks investors to suffer significant damages.
Those who purchased shares of Freshworks Inc. (NASDAQ: FRSH) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.