FRSH Investors Have Opportunity to Lead Freshworks Inc. Securities Lawsuit

Rhea-AI Summary

Investors in Freshworks (FRSH) have an opportunity to lead a class action lawsuit due to alleged securities fraud. The lawsuit claims that the company misled investors about its financial performance during the period following its September 2021 IPO. Key issues include plateauing net dollar retention rates and declining revenue growth, which contradict the company’s positive public statements. The deadline for lead plaintiff applications is January 3, 2023. Affected investors are encouraged to reach out to legal counsel for more information.

Positive

• Opportunity for investors to seek restitution through a class action lawsuit.

Negative

• Claims that net dollar retention rate has plateaued, indicating potential revenue issues.
• Reported deceleration in revenue growth and billings raises concerns about future performance.
• Allegations of misleading statements regarding business operations and prospects may impact investor trust.

BENSALEM, Pa., Dec. 28, 2022 /PRNewswire/ -- Law Offices of Howard G. Smith announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against Freshworks Inc. ("Freshworks" or the "Company") (NASDAQ: FRSH).

Class Period: All purchases in or after the September 2021 IPO
Lead Plaintiff Deadline: January 3, 2023

Investors suffering losses on their Freshworks investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com.

The complaint filed alleges that, throughout the Class Period, Defendants failed to disclose to investors that: (1) Freshworks' net dollar retention rate had plateaued while its revenue growth rate and billings were decelerating, and (2) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com

View original content:https://www.prnewswire.com/news-releases/frsh-investors-have-opportunity-to-lead-freshworks-inc-securities-lawsuit-301710475.html

SOURCE Law Offices of Howard G. Smith

FAQ

What is the class action lawsuit against Freshworks (FRSH) about?

The class action lawsuit claims Freshworks misled investors about its financial performance, including a plateau in net dollar retention and declining revenue growth.

What is the lead plaintiff deadline for the Freshworks (FRSH) lawsuit?

The deadline to apply as a lead plaintiff in the Freshworks lawsuit is January 3, 2023.

Who can join the Freshworks (FRSH) class action lawsuit?

Any investor who purchased Freshworks shares after the September 2021 IPO can potentially join the class action.

What should Freshworks (FRSH) investors do if they suffered losses?

Investors are encouraged to contact the Law Offices of Howard G. Smith for guidance on their legal rights regarding the class action.

What allegations are made against Freshworks (FRSH) in the lawsuit?

The lawsuit alleges that Freshworks failed to disclose issues with its net dollar retention rate and the actual state of its revenue growth.