Lead Plaintiff Deadline: January 18, 2022
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(i) Lightspeed had misrepresented the strength of its business by, inter alia, overstating its customer count, gross transaction volume, and increase in Average Revenue Per User, while concealing the Company’s declining organic growth and business deterioration; (ii) Lightspeed had overstated the benefits and value of the Company’s various acquisitions; (iii) accordingly, the Company had overstated its financial position and prospects; and (iv) as a result, the Company’s public statements were materially false and misleading at all relevant times.
In order to be included in the lawsuit, you must have incurred a loss on shares of Lightspeed, either: A) purchased or acquired during the class period listed above, if applicable; or B) pursuant to the Initial Public Offering (IPO) of Lightspeed, if applicable.
If you suffered a loss in Lightspeed during the relevant time frame, or pursuant to Lightspeed’s IPO if listed above, you have until January 18, 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.