Levi & Korsinsky, LLP announces that a ATER class action lawsuit has been filed on behalf of investors who purchased Aterian, Inc. (ATER) securities between December 1, 2020 and May 3, 2021. For more on the ATER Lawsuit please contact us today.
According to the Aterian, Inc. lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that:
(i) the Company’s organic growth is plummeting; (ii) the Company’s recent, self-lauded acquisitions were overpayments for flawed assets from questionable sources; (iii) Aterian’s purported artificial intelligence software is a flawed product that lacks customer interest; (iv) Aterian uses rebate programs and paid or artificial reviews to pump up their product offerings; and (v) as a result, the Company’s public statements were materially false and misleading at all relevant times.
If you suffered a loss in Aterian, Inc. you have until July 12, 2021 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.