MDB - Class Action Announcement for MongoDB Inc. (MDB): Kessler Topaz Meltzer & Check LLP Announces that a Securities Class Action Lawsuit Has Been Filed Against MongoDB Inc. | Benzinga

RADNOR, Pa., July 20, 2024 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed in the United States District Court for the Southern District of New York against MongoDB, Inc. ("MongoDB") (NASDAQ:MDB). The action charges MongoDB with violations of the federal securities laws, including omissions and fraudulent misrepresentations relating to the company's business, operations, and prospects. As a result of MongoDB's materially misleading statements and omissions to the public, MongoDB's investors have suffered significant losses. The lead plaintiff deadline is September 9, 2024.

If you suffered MongoDB losses, you may CLICK HERE or go to: https://www.ktmc.com/new-cases/mongodb-inc?utm_source=PR&utm_medium=link&utm_campaign=mdb&mktm=r

You can also contact attorney Jonathan Naji, Esq. of Kessler Topaz by calling (484) 270-1453 or by email at info@ktmc.com.

DEFENDANTS' ALLEGED MISCONDUCT
MongoDB, a software company, has two core offerings: its original localized MongoDB platform which incorporates a physical MongoDB server, coined "MongoDB Enterprise Advanced", and its cloud-based alternative, MongoDB Atlas ("Atlas"). The Class Period begins on August 31, 2023, when, after the market closed, Defendants held an earnings call to discuss second quarter fiscal year 2024 results. During the call, Defendant Ittycheria discussed details of MongoDB's new sales incentive plan. Defendant Gordon further detailed the impact of this change and other factors on MongoDB's projected growth, emphasizing ...

MDB): Kessler Topaz Meltzer & Check, LLP Announces that a Securities Class Action Lawsuit Has Been Filed Against MongoDB, Inc.>Full story available on Benzinga.com