ATER LAWSUIT FILED: Jakubowitz Law Pursues Claims on Behalf of Aterian, Inc. Shareholders

New York, New York--(Newsfile Corp. - July 7, 2021) -  Jakubowitz Law announces that a securities fraud class action lawsuit has commenced on behalf of shareholders of Aterian, Inc. (NASDAQ: ATER).

CLICK HERE FOR MORE DETAILS:

https://claimyourloss.com/securities/aterian-inc-loss-submission-form/?id=17479&from=5

Affected shareholders purchased shares of ATER between December 1, 2020 and May 3, 2021

Shareholders interested in representing the class of wronged shareholders have until July 12, 2021 to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

According to a filed complaint, Aterian, Inc. issued materially false and/or misleading statements and/or failed to disclose that: (i) the Company's organic growth is plummeting; (ii) the Company's recent, self-lauded acquisitions were overpayments for flawed assets from questionable sources; (iii) Aterian's purported artificial intelligence software is a flawed product that lacks customer interest; (iv) Aterian uses rebate programs and paid or artificial reviews to pump up their product offerings; and (v) as a result, the Company's public statements were materially false and misleading at all relevant times.

Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/89703