An investigation on behalf of current long term investors in Katapult Holdings, Inc. (NASDAQ:KPLT) shares over possible breaches of fiduciary duty by certain directors was announced.
San Diego, CA -- (SBWIRE) -- 11/15/2021 -- Certain directors of Katapult Holdings, Inc. are under investigation concerning potential breaches of fiduciary duties.
Investors who are current long term investors in Katapult Holdings, Inc. (NASDAQ: KPLT) shares, have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm for investors in NASDAQ: KPLT stocks follows a lawsuit filed against Katapult Holdings, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: KPLT stocks, concerns whether certain Katapult Holdings directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges 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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