Not a real case
Recent Security Class Actions
On August 30, 2023, AeroVironment, Inc. was sued for violations of the federal securities laws in the United States District Court for the Eastern District of Virginia on behalf of investors who purchased or otherwise acquired AeroVironment securities between June 29, 2021 and December 7, 2021, inclusive (the “Class Period”).
On August 29, 2023, NAPCO Security Technologies, Inc. was sued for violations of the federal securities laws in the United States District Court for the Eastern District of New York on behalf of investors who purchased or otherwise
acquired publicly traded NAPCO securities between November 7, 2022 and August 18, 2023, inclusive (the “Class Period”).
On August 1, 2023, Verizon Communications Inc. was sued for violations of the federal securities laws in the United States District Court for the Western District of Pennsylvania on behalf of investors who purchased or otherwise
acquired publicly traded Verizon securities between February 4, 2020 and July 26, 2023, inclusive (the “Class Period”).
On July 28, 2023, AT&T Inc. was sued for violations of the federal securities laws in the United States District Court for the District of New Jersey on behalf of investors who who purchased or otherwise acquired publicly traded AT&T securities between March 1, 2020 and July 26, 2023, inclusive (the “Class Period”).
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.
According to the Complaint, DISH Network Corporation, together with its subsidiaries, provides pay-TV services in the United States.
The Complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and prospects. Specifically, the Complaint alleges Defendants made false and/or misleading statements and/or failed to disclose that: (i) the Company overstated its operational efficiency and maintained a deficient cybersecurity and information technology infrastructure; (ii) as a result of the foregoing, the Company was unable to properly secure customer data, leaving it vulnerable to access by malicious third parties; (iii) the foregoing cybersecurity deficiencies also both rendered Dish's operations susceptible to widespread service outages and hindered the Company's ability to respond to such outages; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.
