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Cognyte Software Ltd.
According to the Complaint, the Company made false and misleading statements to the market. Cognyte was the subject of a “Threat Report” issued by Meta on December 16, 2021. The report alleged that the Company used the Facebook platform collected intelligence on people by manipulating them to expose information or by compromising their Facebook account. All of these actions were violations of Meta’s terms of service. As a result of the report, the Company’s ability to use Meta’s platforms was shut down and more than 50,000 individuals were alerted that it had targeted them. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Cognyte, investors suffered damages.
Press Release
SHAREHOLDER ACTION ALERT: The Schall Law Firm Encourages Investors in Cognyte Software Ltd. with Losses of $100,000 to Contact the Firm
Los Angeles, March 1, 2023 — The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Cognyte Software Ltd. (“Cognyte” or “the Company”) (NASDAQ: CGNT) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company’s securities between February 2, 2021 and June 28, 2022, inclusive (the ”Class Period”), are encouraged to contact the firm before May 1, 2023.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the 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 reach us through the firm’s website at www.schallfirm.com, or by email at bschall@schallfirm.com.
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Cognyte was the subject of a “Threat Report” issued by Meta on December 16, 2021. The report alleged that the Company used the Facebook platform collected intelligence on people by manipulating them to expose information or by compromising their Facebook account. All of these actions were violations of Meta’s terms of service. As a result of the report, the Company’s ability to use Meta’s platforms was shut down and more than 50,000 individuals were alerted that it had targeted them. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Cognyte, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.
www.schallfirm.com
Office: 310-301-3335
info@schallfirm.com
SOURCE:
The Schall Law Firm