Levi & Korsinsky Announces Domo Class Action Investigation; DOMO Lawsuit

Class Action Reports

Levi & Korsinsky Announces Domo Class Action Investigation; DOMO Lawsuit

Levi & Korsinsky, LLP

November 14, 2019

Levi & Korsinsky, LLP announces that a DOMO class action lawsuit has been commenced on behalf of investors who purchased Domo, Inc. (DOMO) pursuant and/or traceable to the Company’s initial public offering commenced on or around June 29, 2018; or (b) Domo securities between June 28, 2018 and September 5, 2019, both dates inclusive. For more on the Domo Class Action please contact us today.

According to the Domo lawsuit, (1) Domo was experiencing weakness in its enterprise and international businesses; (2) Domo’s billings growth had dramatically slowed; (3) all of the foregoing was reasonably likely to have a material negative impact on the Company’s financial results; and (4) as a result, the Offering Documents were materially false and/or misleading and failed to state information required to be stated therein and the Company’s public statements were materially false and misleading at all relevant times.

TO LEARN MORE ABOUT THE DOMO CLASS ACTION, VISIT: https://www.zlk.com/pslra-1/domo-inc-loss-form?prid=4320&wire=9.

If you suffered a loss in Domo you have until December 16, 2019 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

 

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

55 Broadway, 10th Floor

New York, NY 10006

jlevi@levikorsinsky.com

Tel: (212) 363-7500

Fax: (212) 363-7171

www.zlk.com