BOSTON, April 17, 2024 (GLOBE NEWSWIRE) -- A class action lawsuit has been filed against Nextdoor Holdings, Inc. (NYSE: KIND) for securities law violations. Investors who purchased shares and have lost money are encouraged to contact the firm to learn more about how they might recover those losses. For more details, visit https://www.blockleviton.com/cases/kind.
What is this all about?
The lawsuit alleges that Nextdoor’s financial results prior to its merger with a blank check company had been temporarily inflated by the effects of the COVID-19 pandemic, which pulled forward demand and cannibalized future advertising revenue growth. Additionally, Nextdoor’s total addressable market is alleged to have been materially smaller than the 312 million households represented to investors.
Who is eligible?
Anyone who purchased Nextdoor Holdings, Inc. stock between July 6, 2021 and November 8, 2022, and has lost money may be eligible, whether or not they have sold their investment. Investors should contact Block & Leviton to learn more.
What should you do next?
The deadline to seek appointment as lead plaintiff is April 29, 2024. A class has not yet been certified, and until a certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
If you've lost money on your investment, you should contact Block & Leviton to learn more via our case website, by email at cases@blockleviton.com, or by phone at (617) 398-5600.
Why should you contact Block & Leviton?
Block & Leviton is widely regarded as one of the leading securities class action firms in the country. Our attorneys have recovered billions of dollars for defrauded investors and are dedicated to obtaining significant recoveries on behalf of our clients through active litigation in the federal courts across the country. Many of the nation's top institutional investors hire us to represent their interests. You can learn more about us at our website, www.blockleviton.com, or call (617) 398-5600 or email cases@blockleviton.com with any questions.
This notice may constitute attorney advertising.
CONTACT:
BLOCK & LEVITON LLP
260 Franklin St., Suite 1860
Boston, MA 02110
Phone: (617) 398-5600
Email: cases@blockleviton.com
SOURCE: Block & Leviton LLP
www.blockleviton.com
