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The filed complaint alleges that Informa TechTarget made materially false and/or misleading statements and/or failed to disclose that: TechTarget completed its business combination on December 2, 2024, with Informa Tech, a business unit of Informa PLC ("Informa"). On December 6, 2024 Tech Target disclosed in a filing with the U.S. Securities and Exchange Commission that Informa's management had advised the Company that certain "financial statements previously prepared by Informa should no longer be relied upon and were being restated because of errors identified by Informa in such financial statements". Following this news, TechTarget's stock price fell over 8% on December 9, 2024.
In order to be eligible to join the TTGT class action lawsuit, you must have incurred a loss on shares of Informa TechTarget purchased during the class period listed above.
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