Levi & Korsinsky, LLP announces that a LTCH class action lawsuit has been filed on behalf of investors who purchased Latch, Inc. f/k/a TS Innovation Acquisitions Corp. (LTCH) securities between May 13, 2021 and August 25, 2022. For more on the LTCH Lawsuit please contact us today.
According to the Latch, Inc. f/k/a TS Innovation Acquisitions Corp. lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that:
(1) there were unreported sales arrangements related to hardware devices; (2) as a result, the Company had improperly recognized revenue throughout fiscal 2021 and first quarter 2022; (3) there were material weaknesses in Latch’s internal control over financial reporting related to revenue recognition; (4) as a result of the foregoing, Latch would restate financial statements for fiscal 2021 and first quarter 2022; and (5) as a result of the foregoing, defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
If you suffered a loss in Latch, Inc. f/k/a TS Innovation Acquisitions Corp. you have until October 31, 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.