LTCH SHAREHOLDER ALERT: Jakubowitz Law Reminds Latch Shareholders of a Lead Plaintiff Deadline of October 31, 2022

PRNewswire 30-Sep-2022 5:45 AM

NEW YORK, Sept. 30, 2022 /PRNewswire/ -- Jakubowitz Law announces that a securities fraud class action lawsuit has commenced on behalf of shareholders of Latch, Inc. f/k/a TS Innovation Acquisitions Corp. (NASDAQ:LTCH).

To receive updates on the lawsuit, fill out the form:
https://claimyourloss.com/securities/latch-inc-class-action-submission-form/?id=32234&from=4

The lawsuit seeks to recover losses for shareholders who purchased Latch between May 13, 2021 and August 25, 2022.

Shareholders interested in acting as a lead plaintiff representing the class of wronged shareholders have until October 31, 2022 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, Latch, Inc. f/k/a TS Innovation Acquisitions Corp. issued materially false and/or misleading statements and/or failed to disclose 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.

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

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SOURCE Jakubowitz Law