LPSN - Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against LivePerson Inc. (LPSN) | Benzinga

NEW YORK, Dec. 04, 2023 (GLOBE NEWSWIRE) -- Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of all persons or entities who purchased or otherwise acquired LivePerson, Inc. ("LivePerson" or the "Company") (NASDAQ:LPSN) securities between May 10, 2022 and March 16, 2023, inclusive (the "Class Period").

The Complaint alleges that Defendants made false and/or misleading statements and/or failed to disclose that: (i) the Company's disclosure controls and procedures contained a material weakness; (ii) accordingly, the Company maintained deficient internal controls over its financial reporting; (iii) as a result, the Company's third quarter 2022 financial statements failed to disclose the suspension of WildHealth's Medicare reimbursements in connection with the Program and the resulting negative impact on the Company's ...

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