SAN DIEGO, Dec. 06, 2022 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit is pending for certain investors in shares of Freshworks Inc. (NASDAQ: FRSH).
Investors who purchased in excess of $250,000 in shares of Freshworks Inc. (NASDAQ: FRSH) have certain options and there are short and strict deadlines running. Deadline: January 3, 2022. Those NASDAQ: FRSH investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
On November 1, 2022, a lawsuit was filed against Freshworks Inc. over alleged Securities Laws Violations. The plaintiff alleges 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 Freshworks Inc. (NASDAQ: FRSH) shares should contact the Shareholders Foundation, Inc.
CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a 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. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.
