SPT - SPROUT SOCIAL DEADLINE: Investors in NASDAQ: SPT are Encouraged to Contact BFA Law About Upcoming Deadline in Securities Class Action after Stock Falls 40% | Benzinga
NEW YORK, May 20, 2024 (GLOBE NEWSWIRE) -- Top securities law firm Bleichmar Fonti & Auld LLP announces the upcoming July 12, 2024 deadline to be appointed lead in the Sprout Social (NASDAQ:SPT) Securities Class Action. If you invested in Sprout Social, you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases/sprout-social-inc-investigation or contacting us below.
Why is SPT being Sued?
On May 13, 2024, Sprout Social was sued for violations of the federal securities laws. The Complaint alleges that between November 2, 2023 and May 2, 2024 Spout Social failed to disclose to investors: (1) the Company's sales and revenue growth were not indicative of the Company's growth as it transitioned to an enterprise sales cycle; (2) that ...