Levi & Korsinsky Notifies Taskus, Inc. Investors of Upcoming Class Action and Deadline

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March 09, 2022 11:09 a.m. ET

POWERED BY LAW.COM Legal Newswire

Levi & Korsinsky, LLP advises investors of Taskus, Inc. of a securities class action.

CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Taskus investors who were harmed by an alleged securities fraud between June 11, 2021 and January 19, 2022.

TASK investors can also contact Joseph E. Levi, Esq. by e-mail to [email protected] or by phone at (212) 363-7500.

CASE DETAILS: The filed lawsuit alleges that the defendants misrepresented and/or concealed that: (1) TaskUs was experiencing severe financial and business difficulties, particularly with its largest customer, Facebook; (2) the content security market was smaller than the represented defendants and defendants’ representations were based on outdated market data; (3) TaskUs incorrectly recognized revenue from certain key contracts; (4) defendants overstated TaskU’s workforce size and employee retention rates, and understated attrition rates; and (5) as a result of the foregoing, defendants’ positive statements about the Company’s business, operations and prospects were materially false and misleading and/or lacked reasonable basis.

AND AFTER? If you suffered a loss in Taskus during the relevant period, you have until April 25, 2022 ask the court to appoint you as the main plaintiff. Your ability to participate in any collection does not require you to serve as the lead plaintiff.

AT NO CHARGE TO YOU: If you are a class member, you may be entitled to compensation without payment of disbursements or fees. There is no cost or obligation to participate.

WHY LEVI AND KORSINSKY: Over the past 20 years, the Levi & Korsinsky team has secured hundreds of millions of dollars for aggrieved shareholders and built a track record winning high-stakes cases. Our firm has extensive expertise in representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven consecutive years, Levi & Korsinsky has been ranked in the ISS Securities Class Action Services Top 50 report as one of the top securities litigation firms in United States.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com


URL:
http://www.zlk.com

Contact information:

[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com


Key words: Wire, Classaction-Marketing, Legal Newswire, United States, English

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