A lawsuit was filed on behalf of investors in DocuSign, Inc. (NASDAQ:DOCU) shares over alleged securities laws violations.
San Diego, CA -- (SBWIRE) -- 01/25/2022 -- An investor, who purchased NASDAQ: DOCU shares, filed a lawsuit against DocuSign, Inc. over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements.
Investors who purchased shares of DocuSign, Inc. (NASDAQ: DOCU) have certain options and for certain investors are short and strict deadlines running. Deadline: February 22, 2022. NASDAQ: DOCU investors should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
On December 2, 2021, DocuSign, Inc reported its third quarter fiscal 2022 financial results and issued its outlook. Among other things, DocuSign, Inc said that "after six quarters of accelerated growth, we saw customers return to more normalized buying patterns, resulting in 28% year-over-year billings growth."
Shares of DocuSign, Inc. (NASDAQ: DOCU) declined from $275.54 per share on November 19, 2021, to as low as $108.09 per share on January 24, 2022.
The plaintiff claims that between March 27, 2020 and December 2, 2021, the defendants made false and/or misleading statements and/or failed to disclose that the impact of the Covid-19 pandemic on DocuSign's business was positive, not negative, that DocuSign misrepresented the role that the Covid-19 pandemic had on its growth, that DocuSign downplayed the impact that a "return to normal" would have on the Company's growth and business, and that as a result, defendants' public statements were materially false and/or misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages
Those who purchased shares of DocuSign, Inc. (NASDAQ: DOCU) have certain options and should contact the Shareholders Foundation.
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