RADNOR, Pa., October 26, 2022 /PRNewswire/ — The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed against Latch, Inc. f/k/a TS Innovation Acquisition Corp. (“Latch”) has been submitted LTCH. The lawsuit alleges that Latch violated federal securities laws, including omissions and fraudulent misrepresentations regarding the company’s business, operations and prospects. Latch investors have suffered significant losses as a result of Latch’s materially misleading public statements and omissions.
CLICK HERE TO TRANSMIT YOUR LATCH LOSSES. YOU CAN ALSO CLICK OR COPY AND PASTE THE FOLLOWING LINK INTO YOUR BROWSER: https://www.ktmc.com/new-cases/latch-inc?utm_source=PR&utm_medium=link&utm_campaign=latch&mktm=r
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LIMIT FOR THE PLAINTIFF: 31 OCTOBER 2022
LESSON: MAY 13, 2021 THROUGH 25 AUGUST 2022
CONTACT AN ATTORNEY TO DISCUSS YOUR RIGHTS:
Jonathan Naji, Esq. at (484) 270-1453 or email at info@ktmc.com
Kessler Topaz is one of the world’s leading advocates for protecting the public from corporate fraud and other wrongdoing. Our securities fraud litigators are consistently recognized individually as leaders in the field, and our firm is feared and respected by both the defense and the Insurance Board. We are proud to have recovered billions of dollars for our clients and the classes of shareholders we represent.
ALLEGED MISCONDUCT BY LATCH
On August 25, 2022, Latch filed a Form 8-K with the SEC notifying investors that the company’s audit committee and management had determined that Latch’s consolidated financial statements for 2021 and the first quarter of 2022 required restatement. Latch also informed investors that certain revenue recognition errors occurred as a result of undisclosed sales agreements due to sales activities that were inconsistent with the company’s internal controls and procedures.
Following this news, Latch…
