SAN FRANCISCO, Nov. 16, 2023 (GLOBE NEWSWIRE) -- Hagens Berman urges Paycom Software, Inc. (NYSE:PAYC) investors who suffered substantial losses to submit your losses now.
Class Period: May 3, 2023 – Nov. 1, 2023
Lead Plaintiff Deadline: Jan. 9, 2024
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Paycom Software, Inc. (NYSE:PAYC) Securities Fraud Class Action:
The complaint alleges that Paycom made materially false and misleading statements and failed to disclose that: (1) Paycom's Beti product led to cannibalization of the company's services and revenues; (2) Paycom knew but did not disclose the cannibalization problem and did not warn of cannibalization as a general risk; (3) as a result of cannibalization, Paycom missed its expected 3Q 2023 revenue and would have to revise its expected FY 2023 revenues; and (4) the cannibalization issue resulted in ...
PAYC) Investors with Substantial Losses to Contact Firm's Attorneys, Securities Fraud Class Action Filed>Full story available on Benzinga.com