Levi & Korsinsky, LLP announces that a FRSH class action lawsuit has been filed on behalf of investors who purchased Freshworks Inc. (FRSH) common stock pursuant to and/or traceable to documents issued in connection with the Company’s initial public offering. For more on the FRSH Lawsuit please contact us today.
According to the Freshworks Inc. lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that:
According to the complaint, the documents used to effectuate Freshworks’ initial public offering were false and misleading and omitted to state that, at the time of the initial public offering, the Company’s business had encountered obstacles. As a result of these obstacles, Freshworks’ net dollar retention rate was plateauing, and its revenue growth rate and billings were decelerating.
If you suffered a loss in Freshworks Inc. you have until January 3, 2023 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.