Levi & Korsinsky, LLP announces that an LTCH class action lawsuit has been filed on behalf of investors who purchased Latch, Inc. f/k/a TS Innovation Acquisitions Corp. (LTCH) securities between May 13, 2021, and August 25, 2022 For more on the LTCH Lawsuit please contact us today.
According to the Latch lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) there were unreported sales arrangements related to hardware devices; (2) as a result, the Company had improperly recognized revenue throughout fiscal 2021 and first quarter 2022; (3) there were material weaknesses in Latch’s internal control over financial reporting related to revenue recognition; (4) as a result of the preceding, Latch would restate financial statements for fiscal 2021 and first quarter 2022; and (5) as a result of the preceding, defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
If you suffered a loss in Latch you have until October 31, 2022, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171