SHAREHOLDER ALERT: Pomerantz Law Firm Investigating Claims on Behalf of TaskUs, Inc. Investors – TASK
NEW YORK, NY/ACCESSWIRE/February 26, 2022/ Pomerantz LLP is investigating claims on behalf of investors in TaskUs, Inc. (“TaskUs” or the “Company”) (NASDAQ: TASK). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 7980.
The investigation focuses on whether TaskUs and certain of its officers and/or directors have engaged in securities fraud or other illegal business practices.
On January 20, 2022, Spruce Point Capital Management (“Spruce Point”) released a report on TaskUs. Citing “a forensic financial and accounting review,” Spruce Point’s report describes TaskUs as having “a pattern of exaggerated and inflated business claims, including revenue, and…hiding financial difficulties with reduced disclosures, hand-picked market data, and non-standard key performance metrics.”
On this news, TaskUs stock fell $5.46 per share, or nearly 15.34%, to close at $30.13 per share on January 20, 2022.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris and Tel Aviv, is recognized as one of the leading firms in the areas of corporate litigation, securities and antitrust. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues the tradition he established, fighting for the rights of victims of securities fraud, breaches of fiduciary duty and corporate misconduct. The firm recovered numerous multimillion-dollar damages on behalf of class members. To see www.pomlaw.com.
THE SOURCE: Pomerantz LLP
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