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LTCH LAWSUIT ALERT: Levi & Korsinsky Notifies Latch, Inc. F/k/a TS Innovation Acquisitions Corp. Investors of a Class Action Lawsuit and Upcoming Deadline
LTCH LAWSUIT ALERT: Levi & Korsinsky Notifies Latch, Inc. F/k/a TS Innovation Acquisitions Corp. Investors of a Class Action Lawsuit and Upcoming Deadline
NEW YORK, Sept. 29, 2022 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Latch, Inc. f/k/a TS Innovation Acquisitions Corp. ("Latch" or the "Company") (NASDAQ: LTCH) of a class action securities lawsuit.
CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Latch investors who were adversely affected by alleged securities fraud between May 13, 2021 and August 25, 2022. Follow the link below to get more information and be contacted by a member of our team:
LTCH investors may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.
CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (1) there were unreported sales arrangements related to hardware devices; (2) as a result, the Company had improperly recognized revenue throughout fiscal 2021 and first quarter 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 financial statements for fiscal 2021 and first quarter 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 a reasonable basis.
WHAT'S NEXT? If you suffered a loss in Latch during the relevant time frame, you have until October 31, 2022 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.
WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the 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
SOURCE Levi & Korsinsky, LLP
NEW YORK, Sept. 29, 2022 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Latch, Inc. f/k/a TS Innovation Acquisitions Corp. ("Latch" or the "Company") (NASDAQ: LTCH) of a class action securities lawsuit.
纽约,9月2022年2月29日/美通社/--Levi&Korsinsky,LLP通知投资者Latch,Inc.f/k/a TS创新收购公司(纳斯达克股票代码:LTCH)的证券集体诉讼。
CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Latch investors who were adversely affected by alleged securities fraud between May 13, 2021 and August 25, 2022. Follow the link below to get more information and be contacted by a member of our team:
类定义:这起诉讼寻求代表Latch投资者追回损失,这些投资者在2021年5月13日至2021年5月13日期间受到涉嫌证券欺诈的不利影响2022年8月25日。点击下面的链接获取更多信息,并与我们团队的一名成员联系:
LTCH investors may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.
LTCH投资者也可以联系Joseph E.Levi,Esq.通过电子邮件地址[受电子邮件保护]或致电(212)363-7500。
CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (1) there were unreported sales arrangements related to hardware devices; (2) as a result, the Company had improperly recognized revenue throughout fiscal 2021 and first quarter 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 financial statements for fiscal 2021 and first quarter 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 a reasonable basis.
案例详情:起诉书称,被告做出虚假陈述和/或隐瞒:(1)存在与硬件设备有关的未报告销售安排;(2)因此,公司在整个2021财年和2022年第一季度不当确认收入;(3)Latch对与收入确认相关的财务报告的内部控制存在重大弱点;(4)由于上述原因,Latch将重新报告2021财年和2022年第一季度的财务报表;(5)由于上述原因,被告对公司业务、经营和前景的正面陈述具有重大误导性和/或缺乏合理依据。
WHAT'S NEXT? If you suffered a loss in Latch during the relevant time frame, you have until October 31, 2022 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
接下来是什么?如果您在相关的时间范围内在Latch中遭受损失,您必须在2022年10月31日请求法院指定你为主要原告。你有能力分享任何赔偿,并不需要你担任主要原告。
NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.
您无需支付任何费用:如果你是班级成员,你可能有权获得补偿,而无需支付任何自掏腰包的成本或费用。没有参与的成本,也没有义务。
WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
为什么是Levi&Korsinsky:在过去20年里,Levi&Korsinsky的团队为愤愤不平的股东争取了数亿美元,并建立了赢得高风险案件的记录。我们公司拥有在复杂的证券诉讼中代表投资者的广泛专业知识,并拥有一支70多名员工的团队为我们的客户服务。连续七年,Levi&Korsinsky在ISS证券集体诉讼服务公司的前50名报告中被列为美国最大的证券诉讼公司之一。
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
联系方式:
Levi&Korsinsky,LLP
约瑟夫·E·利维,Esq.
埃德·科辛斯基,Esq.
百老汇55号,10楼
纽约州纽约市,邮编:10006
[受电子邮件保护]
电话:(212)363-7500
传真:(212)363-7171
SOURCE Levi & Korsinsky, LLP
来源:Levi&Korsinsky,LLP
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