NEW YORK, Sept. 09, 2022 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of Latch, Inc. (NASDAQ: LTCH, LTCHW) between May 13, 2021 and August 25, 2022, both dates inclusive (the “Class Period”). If you wish to serve as the lead plaintiff, you must move the Court no later than October 31, 2022.
AND SO: If you purchased securities of Latch during the Class Period, you may be entitled to compensation without payment of fees or out-of-pocket costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Latch class action, go to https://rosenlegal.com/submit-form/?case_id=8369 or call Phillip Kim, Esq. toll free at 866-767-3653 or by email pkim@rosenlegal.com Where cas@rosenlegal.com for more information on the class action. A class action lawsuit has already been filed. If you wish to act as a lead plaintiff, you must move the Court by October 31, 2022. A lead plaintiff is a representative party acting on behalf of other class members to direct litigation.
WHY ROSEN LAW: We encourage investors to select qualified lawyers with proven track records in leadership roles. Often, companies issuing reviews do not have comparable experience, resources, or significant peer recognition. Be wise in choosing lawyers. Rosen Law Firm represents investors worldwide, focusing its practice on securities class action and shareholder derivative litigation. Rosen Law Firm has reached the largest securities class action settlement against a Chinese company. Rosen Law Firm was ranked #1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. The firm has ranked in the top 4 every year since 2013 and has recovered hundreds of million dollars for investors. In 2019 alone, the company secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s lawyers have been recognized by Lawdragon and Super Lawyers.
CASE DETAILS: According to the lawsuit, the defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose material adverse facts regarding the Company’s business operations and prospects. . Specifically, defendants made false and/or misleading statements and/or failed to disclose that: (1) there were undisclosed sales agreements related to hardware devices; (2) as a result, Latch incorrectly recognized revenue throughout fiscal 2021 and the first quarter of 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 the financial statements for fiscal 2021 and the first quarter of 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 reasonable basis.
To join the Latch class action, go to https://rosenlegal.com/submit-form/?case_id=8369 or call Phillip Kim, Esq. toll free at 866-767-3653 or by email pkim@rosenlegal.com Where cas@rosenlegal.com for more information on the class action.
No class has been certified. Until a class is certified, you are not represented by an attorney unless you retain one. You can choose the lawyer of your choice. You can also remain an absent party member and do nothing at this point. An investor’s ability to participate in any potential future recovery does not depend on their status as lead plaintiff.
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Contact information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, Pennsylvania
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
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