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Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of Domo, Inc. (NASDAQ: DOMO) from June 26, 2018 through September 5, 2019 (the “Class Period”). The lawsuit seeks to recover damages for Domo, Inc. investors under the federal securities laws.
If you bought Domo, Inc. securities between June 26, 2018 through September 5, 2019, and would like to join the action, please click “Join This Class Action,” above.
SHAREHOLDER ALERT: Zhang Investor Law Announces a Securities Class Action Lawsuit Against Domo, Inc. – DOMO
New York, N.Y., October 27, 2019. Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of Domo, Inc. (NASDAQ: DOMO) between June 26, 2018 and September 5, 2019, inclusive (the “Class Period”).
To join the DOMO class action, go to http://zhanginvestorlaw.com/cases/domo-inc/ call Sophie Zhang, Esq. toll-free at 800-991-3756 or email email@example.com for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU NEED NOT BE A LEAD PLAINTIFF TO SECURE A RECOVERY.
According to the lawsuit, throughout the Class Period: (1) Domo was experiencing weakness in its enterprise and international businesses; (2) Domo’s billings growth had dramatically slowed; (3) all of the foregoing was reasonably likely to have a material negative impact on the Company’s financial results; and (4) as a result, Domo’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 16, 2019. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://zhanginvestorlaw.com/cases/domo-inc/ or to discuss your rights or interests regarding this class action, please contact Sophie Zhang, Esq. of Zhang Investor Law toll free at 800-991-3756 or via e-mail at firstname.lastname@example.org.
Zhang Investor Law represents investors worldwide.