Investors can contact the law firm at no cost to learn more about recovering their losses
LOS ANGELES, Oct. 03, 2023 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises CS Disco, Inc. ("CS Disco") (NYSE: LAW) investors that a lawsuit filed on behalf of investors that purchased CS Disco securities between July 21, 2021 and August 11, 2022, inclusive (the “Class Period”)
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
- The class action against CS Disco alleges that the company engaged in deceptive practices, including making false or misleading statements, and failing to disclose crucial information. These allegations encompass several key points: firstly, CS Disco supposedly attributed its robust revenue growth to widespread customer usage of its cloud-based electronic discovery platform, but it was allegedly driven by only a small number of large customers. Secondly, the company was said to face significant challenges in sustaining revenue growth. Thirdly, CS Disco was accused of lacking the ability to foresee changes in demand from individual customers over time. Lastly, it is asserted that the positive statements and risk disclosures made by the defendants regarding the company's business, operations, and prospects were either materially misleading or lacked a reasonable basis.
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The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com
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