Levi & Korsinsky, LLP announces that an OLO class action lawsuit has been filed on behalf of investors who purchased Olo Inc. (OLO) securities between August 11, 2021, and August 11, 2022.For more on the OLO Lawsuit please contact us today.
According to the Olo lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) Subway was ending its contract with Olo; (2) Olo’s key business metric – active locations – could not continue to grow as defendants touted due to the loss of Subway’s business; and (3) as a result of the above, defendants’ statements about Olo’s business, operations, and prospects were false and misleading and/or lacked a reasonable basis.
If you suffered a loss in Olo you have until November 28, 2022, 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.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171