CCSI - Consensus Cloud Solutions Investigated by Block & Leviton for Potential Securities Law Violations; Investors Who Have Lost Money Are Encouraged to Contact the Firm
Boston, Massachusetts--(Newsfile Corp. - February 24, 2023) - Block & Leviton is investigating Consensus Cloud Solutions, Inc. (NASDAQ: CCSI) for potential securities law violations. Investors who have lost money in their Consensus Cloud Solutions investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://www.blockleviton.com/cases/ccsi.
What is this all about?
After the market closed on February 22, 2023, Consensus Cloud Solutions, Inc. announced Q4 and full year 2022 financial results. In the earnings announcement, the Company disclosed errors related to a legacy accounting practice, and the timing of revenue recognition for the three and nine month periods ending September 30, 2022, and that the unaudited financial statements for those periods should no longer be relied upon.
Shares of Consensus Cloud Solutions dropped more than 20% in intraday trading February 23, 2023.
Who is eligible?
Anyone who purchased Consensus Cloud Solutions stock and has lost money may be eligible, whether or not they have sold their investment. Investors should contact Block & Leviton to learn more.
What is Block & Leviton doing?
Block & Leviton is investigating whether the Company committed securities law violations and may file an action to attempt to recover losses on behalf of investors who have lost money.
What should you do next?
If you've lost money on your investment, you should contact Block & Leviton to learn more via our case website, by email at cases@blockleviton.com, or by phone at (617) 398-5600.
Why should you contact Block & Leviton?
Many law firms have issued releases about this matter; most of those firms do not actually litigate securities class actions. Block & Leviton is a law firm that actually litigates cases. We are dedicated to obtaining significant recoveries on behalf of defrauded investors through active litigation in the federal courts across the country. Many of the nation's top institutional investors hire us to represent their interests. You can learn more about us at our website, www.blockleviton.com, or call (617) 398-5600 or email cases@blockleviton.com with any questions.
This notice may constitute attorney advertising.
CONTACT:
BLOCK & LEVITON LLP
260 Franklin St., Suite 1860
Boston, MA 02110
Phone: (617) 398-5600
Email: cases@blockleviton.com
SOURCE: Block & Leviton LLP
www.blockleviton.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/156079