Levi & Korsinsky, LLP announces that a OLO class action lawsuit has been filed on behalf of investors who purchased Olo Inc. (OLO) Class A common stock between August 11, 2021 and August 11, 2022. For more on the OLO Lawsuit please contact us today.
According to the Olo Inc. 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 Inc. 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.