Lawsuit Notice: Investors who lost over $200,000 with Expensify, Inc. (NASDAQ: EXFY) shares should contact the Shareholders Foundation
- None.
- Expensify, Inc. (NASDAQ: EXFY) is facing a lawsuit from investors alleging securities laws violations related to the Company's November 2021 initial public offering, which could have negative implications for the company's financial position and business prospects.
Investors, who lost more than
On November 30, 2023, an investor in NASDAQ: EXFY shares filed a lawsuit against Expensify, Inc. alleging securities laws violations. The plaintiff alleges that the Offering Documents that were filed in connection with the Company's November 2021 initial public offering ("IPO") were false and/or misleading statements and/or failed to disclose that Expensify's revenue growth was highly susceptible to structural and macroeconomic headwinds, that as a result, the Company overstated the efficacy of its business model and the likelihood it would meet the long-term growth projections touted in the Offering Documents, that accordingly, the Company's post-IPO financial position and/or business prospects were overstated, and that as a result, Defendants' statements about the Company's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
Those who purchased Expensify, Inc. (NASDAQ: EXFY) shares should contact the Shareholders Foundation, Inc.
CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.
View original content to download multimedia:https://www.prnewswire.com/news-releases/lawsuit-notice-investors-who-lost-over-200-000-with-expensify-inc-nasdaq-exfy-shares-should-contact-the-shareholders-foundation-302004187.html
SOURCE Shareholders Foundation, Inc.
FAQ
What is the ticker symbol for Expensify, Inc.?
What are the allegations in the lawsuit against Expensify, Inc.?
What are the options for investors who lost money with shares of Expensify, Inc.?
What are the deadlines for investors to take action regarding the lawsuit against Expensify, Inc.?
