Progyny, Inc. Class Action Lawsuit - PGNY

The filed complaint alleges that Progyny, Inc. made materially false and/or misleading statements and/or failed to disclose that: Progyny disclosed in a filing with the U.S. Securities and Exchange Commission on September 18, 2024, that the Company "was recently notified by a significant client (the ‘Client') that the Client has elected to exercise a 90-day option to terminate its services agreement with the Company, effective as of January 1, 2025." On September 19, 2024, JMP Securities downgraded Progyny to Market Perform from Outperform, stating that "the loss of [Progyny's] largest client causes us to appropriately contemplate the potential for lower retention rates going forward." Following this news, Progyny's stock price fell sharply during intraday trading on September 19, 2024.

In order to be eligible to join the PGNY class action lawsuit, you must have incurred a loss on shares of Progyny, Inc. purchased during the class period listed above.