An investigation on behalf of investors in Katapult Holdings, Inc. (NASDAQ:KPLT) shares over potential wrongdoing at Katapult Holdings, Inc. was announced.
San Diego, CA -- (SBWIRE) -- 03/02/2022 -- Certain directors of Katapult Holdings, Inc. are under investigation over potential breaches of fiduciary duties.
Investors who purchased shares of Katapult Holdings, Inc. (NASDAQ: KPLT) have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Katapult Holdings, Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.
On August 27, 2021, a lawsuit was filed against Katapult Holdings, Inc. over alleged violations of Federal Securities Laws. The plaintiff claimed that the Defendants failed to disclose to investors, that Katapult was experiencing declining e-commerce retail sales and consumer spending, that despite Katapult's assertions that it was clear and compelling value proposition to both consumers and merchants, transforming the way nonprime consumers shop for essential goods and enabling merchant access to this underserved segment, Katapult lacked visibility into its consumers' future buying behavior, and that as a result, Defendants' statements about its business, operations, and prospects were materially false and misleading and/or lacked reasonable basis at all relevant times.
Those who purchased shares of Katapult Holdings, Inc. (NASDAQ: KPLT) have certain options and should contact the Shareholders Foundation.
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