NEW YORK, May 2, 2023 /PRNewswire/ -- The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Edgio, Inc. f/k/a Limelight Networks, Inc. (NASDAQ: EGIO) alleging that the Company violated federal securities laws.

Class Period: February 11, 2021 to March 12, 2023
Lead Plaintiff Deadline: June 26, 2023
No obligation or cost to you.

Learn more about your recoverable losses in EGIO:

Edgio, Inc. f/k/a Limelight Networks, Inc. NEWS - EGIO NEWS

CLASS ACTION CASE DETAILS: The filed complaint alleges that Edgio, Inc. f/k/a Limelight Networks, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) the sale of Open Edge equipment should be accounted as financing leases; (2) there were material weaknesses in the Company's internal controls over financial reporting related to Open Edge transactions; (3) as a result, the Company's revenue had been overstated in certain periods; and (4) 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 THIS MEANS TO YOU AS A SHAREHOLDER: If you have suffered a loss in Edgio you have until June 26, 2023 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

NO COST TO YOU: If you purchased Edgio securities during the relevant period, you may be entitled to compensation without payment of any out-of-pocket fees.

HOW TO PROTECT YOUR FINANCIAL INTERESTS: For additional information about the EGIO lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click this link:

ABOUT KLEIN LAW FIRM
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. The Klein Law Firm is a boutique litigation firm with experience in a wide range of areas including securities law, corporate finance and commercial litigation. Since 2011, our experienced attorneys have achieved superior results for our clients with a personalized focus. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
J. Klein, Esq.
535 Fifth Avenue
4th Floor
New York City, NY 10017
[email protected]
Telephone: (212) 616-4899

SOURCE The Klein Law Firm