An investigation on behalf of current long term investors in Olo Inc. (NYSE: OLO) shares over possible breaches of fiduciary duty by certain officers and directors was announced
San Diego, CA -- (SBWIRE) -- 02/15/2023 -- An investigation was announced for investors in shares of Olo Inc. (NYSE: OLO) concerning potential breaches of fiduciary duties by certain directors and officers of Olo Inc..
Investors who are current long term investors in Olo Inc. (NYSE: OLO) 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 NYSE: OLO stocks follows a lawsuit filed against Olo Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: OLO stocks, concerns whether certain Olo Inc. directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that the Defendants misled investors and/or failed to disclose that Subway was ending its contract with Olo, that Olo's key business metric – active locations – could not continue to grow as Defendants touted due to the loss of Subway's business, and that, as a result of the above, Defendants' statements about Olo's business, operations, and prospects were false and misleading and/or lacked a reasonable basis.
Those who purchased shares of Olo Inc. (NYSE: OLO) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Christopher Clausen
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, Inc.
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.