MDB - MDB STOCK NEWS: BFA Law Alerts MongoDB Inc. (Nasdaq:MDB) Shareholders of Upcoming Deadline in Securities Fraud Case and Notifies Those that Suffered Losses to Contact the Firm | Benzinga

NEW YORK, July 20, 2024 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces a lawsuit has been filed against MongoDB, Inc. ("MongoDB" or the "Company") (NASDAQ:MDB) and certain of the Company's senior executives.  

If you suffered losses on your MongoDB investment, you are encouraged to submit your information at https://www.bfalaw.com/cases-investigations/mongodb-inc.

Investors have until September 9, 2024 to ask the Court to be appointed to lead the case. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in MongoDB securities between August 31, 2023 and May 30, 2024, inclusive. The case is pending in the U.S. District Court for the Southern District of New York and is captioned John Baxter v. MongoDB, Inc., et al., No. 1:24-cv-05191.

What is the Lawsuit About?

The complaint alleges that the Company misrepresented the purported benefits stemming from the restructuring of its sales force. This includes how the restructuring helped reduce friction in acquiring new customers and increased ...

MDB) Shareholders of Upcoming Deadline in Securities Fraud Case and Notifies Those that Suffered Losses to Contact the Firm>Full story available on Benzinga.com