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The filed complaint alleges that The Descartes Systems Group Inc. made materially false and/or misleading statements and/or failed to disclose that: On June 4, 2025, Descartes issued a press release announcing first quarter fiscal 2026 results, which ended below market expectations with income decreasing sequentially. As a result of the slowdown, Descartes also announced that it cut 7% of its workforce. Management blamed the disappointing results and trimmed staff on the “uncertainty in the global trade market and the economy in general.” Following this news, Descartes’ stock price fell by $11.42 per share to open at $104.23 per share.
In order to be eligible to join the DSGX class action lawsuit, you must have incurred a loss on shares of The Descartes Systems Group Inc. purchased during the class period listed above.
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