Levi & Korsinsky, LLP announces that a WISH class action lawsuit has been filed on behalf of investors who purchased: i) securities of ContextLogic, Inc. and/or sold put options of ContextLogic during the period from December 16, 2020 to May 12, 2021, inclusive; and/or (ii) purchased ContextLogic securities pursuant and/or traceable to the Company’s initial public offering conducted on or about December 16, 2020. For more on the WISH Lawsuit please contact us today.
According to the lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: In the registration statement and prospectus used to conduct the initial public offering and throughout the class period, defendants made materially false and misleading statements about the strength of ContextLogic’s business operations and financial prospects by overstating its then-present monthly active users (“MAUs”) and MAU growth trends.
If you suffered a loss in you have until July 16, 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.