The law firm Schalla national shareholder rights litigation firm, announces the filing of a class action lawsuit against Freshworks Inc. (“Freshworks” or “the Company”) FRESH for violations of federal securities laws.
Investors who purchased the Company’s shares pursuant to and/or traceable to the Company’s September 2021 initial public offering (the “IPO”) are advised to contact the Company prior to January 3, 2023.
If you are a shareholder who has suffered a loss, Click here to participate.
We also encourage you to contact Brian Schall of Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067 at 310-301-3335 to discuss your rights free of charge. You can also contact us via the law firm’s website at www.schallfirm.comor by email at bschall@schallfirm.com.
The class in this case has not yet been certified and you will not be represented by an attorney until certification. If you don’t do anything, you can remain absent.
According to the complaint, the company made false and misleading statements to the market. Freshworks was facing significant business difficulties at the time of the IPO. The company’s net dollar retention rate had plateaued, and both its revenue growth rate and billings were slowing. As a result of these facts, the company’s public statements throughout the IPO period were false and essentially misleading. When the market learned the truth about Freshworks, investors suffered…
