TWKS - Investigation of Thoughtworks Holding Inc. (TWKS) Announced by Holzer & Holzer LLC
ATLANTA, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Holzer & Holzer, LLC is investigating whether Thoughtworks Holding, Inc. (“Thoughtworks” or the “Company”) (NASDAQ: TWKS) complied with federal securities laws. On February 12, 2024, Thoughtworks disclosed the audit committee concluded that “the Company’s previously issued unaudited condensed consolidated financial statements as of and for the quarterly periods ended June 30, 2023 and September 30, 2023 (collectively, the “Non-Reliance Periods”) included in the Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission (the “SEC”) for the Non-Reliance Periods, (1) should no longer be relied upon due to an inaccurate presentation of the change in cash flows ascribed to operating activities in the condensed consolidated statement of cash flows, as further described below, and (2) will require restatement.” Following this news, the Company’s stock price declined.
If you purchased Thoughtworks stock and suffered?a?loss on that investment, you are encouraged to contact Corey Holzer, Esq. at cholzer@holzerlaw.com or Joshua Karr, Esq. at jkarr@holzerlaw.com , call our toll-free number at (888) 508-6832, or visit our website at https://holzerlaw.com/case/thoughtworks/ discuss your legal rights.
Holzer & Holzer, LLC, an ISS top rated securities litigation law firm for 2021, dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. Since its founding in 2000, Holzer & Holzer attorneys have played critical roles in recovering hundreds of millions of dollars for shareholders victimized by fraud and other corporate misconduct.?More information about the firm is available through its website, www.holzerlaw.com ,?and upon request from the firm. Holzer & Holzer, LLC has paid for the dissemination of this promotional communication, and Corey Holzer is the attorney responsible for its content.
CONTACT:
Corey Holzer, Esq.
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cholzer@holzerlaw.com