SHAREHOLDER ALERT: Robbins LLP is investigating TaskUs, Inc. (TASK) on behalf of shareholders
SAN DIEGO–(BUSINESS WIRE)–Law firm in shareholder law Robbins LLP is investigating TaskUs, Inc. (NASDAQ: TASK) to determine whether certain officers and directors of TaskUs violated the Securities Exchange Act of 1934 and breached their fiduciary duties to shareholders. TaskUs provides outsourcing services to businesses around the world.
If you would like more information about our investigation into the misconduct of TaskUs, Inc., click here.
TaskUs, Inc. (TASK) Business Prospects Questioned in Spruce Point Report
On January 20, 2022, Spruce Point Capital Management, LLC released a short sale report on TaskUs. In the report, Spruce Point states, “After conducting a forensic financial and accounting review, Spruce Point believes that the shares of TaskUs, Inc. (Nasdaq: TASK)…have a pattern of exaggerated and inflated trade claims, including including revenue, and cover-increasing financial pressure with reduced disclosures, hand-picked market data, and non-standard key performance indicators.” The report notes the shortcomings of its CEO, CFO, and CFO. chief accounting officer, as well as issues with its financial assumptions and reporting methods, among other things.At this news, TaskUs stock fell $5.46, or more than 15%, to close at 30.13 $ per share on January 20, 2022, which hurt investors.
TaskUs, Inc. (TASK) shareholders have legal options. If you own or have ever owned stock in TaskUs, Inc., contact us for more information about your rights.
All representation is done on a contingent fee basis. Shareholders do not pay any fees or expenses.
About Robbins LLP: A recognized leader in shareholder rights litigation, the attorneys and staff of Robbins LLP are dedicated to helping shareholders recoup losses, improving corporate governance structures and holding corporate executives responsible for their wrongdoings since 2002. To be notified if a class action lawsuit against TaskUs, Inc. settles or to receive free alerts when corporate executives commit wrongdoing, sign up for Watch Inventory today.
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