AMPL - AMPL NEWS: Johnson Fistel Encourages Amplitude Investors to Seek Counsel Before Lead Plaintiff Class Action Deadline | Benzinga
SAN DIEGO, Feb. 26, 2024 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, LLP announces that a class action lawsuit has commenced on behalf of investors of Amplitude, Inc. (NASDAQ:AMPL). The class action is on behalf of shareholders who purchased or otherwise acquired securities between September 21, 2021 and February 16, 2022, both dates inclusive (the "Class Period"). Investors are hereby notified that they have until April 15, 2024, to move the Court to serve as lead plaintiff in this action.
According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that: (1) Amplitude's land-and-expand strategy was years away from significantly accelerating revenues among its newer client cohorts; (2) the rapid acceleration in Amplitude's second quarter 2021 results resulted ...