Recent Security Class Actions

According to the Complaint, LivePerson, Inc. delivers mobile and online messaging solutions through Conversational Artificial Intelligence ("AI"). Conversational AI operates through the Business and Consumer segments. In February 2022 the Company acquired its subsidiary WildHealth.

The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements and/or failed to disclose that: (1) LivePerson failed to address any material weaknesses with internal controls; (2) LivePerson's third quarter financial statements, ended in September 30, 2022 failed to disclose WildHealth's suspension of Medicare reimbursement; (3) as a result, LivePerson's fourth quarter 2022 revenue would be affected; and (4) as a result, Defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.