CS Disco, Inc. Class Action Lawsuit - LAW
Case Summary
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The CS Disco class action lawsuit seeks to represent purchasers of CS Disco, Inc. (NYSE: LAW) common stock between July 21, 2021 and August 11, 2022, inclusive (the “Class Period”). Captioned Gambrill v. CS Disco, Inc., No. 23-cv-08270 (S.D.N.Y.), the CS Disco class action lawsuit charges CS Disco and certain of its top executive officers with violations of the Securities Exchange Act of 1934.
If you suffered substantial losses and wish to serve as lead plaintiff of the CS Disco class action lawsuit, please provide your information in the form on this page. You can also contact attorney J.C. Sanchez of Robbins Geller by calling 800/449-4900 or via e-mail at jsanchez@rgrdlaw.com. Lead plaintiff motions for the CS Disco class action lawsuit must be filed with the court no later than November 20, 2023.
CASE ALLEGATIONS: The CS Disco class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that despite “CS Disco frequently tout[ing] its rapid revenue growth,” “[d]efendants were aware of, or recklessly disregarded, the fact that the handful of customers that drove this explosive growth had already decided to end their projects with [CS Disco] by end of 2021, and CS Disco had excellent advance visibility into this shakeup in its business.”
The CS Disco class action lawsuit further alleges that on August 11, 2022, CS Disco “disclosed to investors that its explosive growth was in fact attributable to just a handful of large customers” and that “in warning investors that it would no longer be including revenues from these customers in its guidance, [CS Disco] also effectively disclosed that the business from these customers would not be returning.” The CS Disco class action lawsuit alleges that on this news, the price of CS Disco common stock declined more than 53%.
THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased CS Disco common stock during the Class Period to seek appointment as lead plaintiff of the CS Disco class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the CS Disco class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the CS Disco class action lawsuit. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the CS Disco class action lawsuit.
ABOUT ROBBINS GELLER RUDMAN & DOWD LLP: Robbins Geller Rudman & Dowd LLP is one of the world’s leading complex class action firms representing plaintiffs in securities fraud cases. The Firm is ranked #1 on the most recent ISS Securities Class Action Services Top 50 Report for recovering more than $1.75 billion for investors in 2022 – the third year in a row Robbins Geller tops the list. And in those three years alone, Robbins Geller recovered nearly $5.3 billion for investors, more than double the amount recovered by any other plaintiffs’ firm. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs’ firms in the world and the Firm’s attorneys have obtained many of the largest securities class action recoveries in history, including the largest securities class action recovery ever – $7.2 billion – in In re Enron Corp. Sec. Litig.