SAN DIEGO, Jan. 17, 2024 (GLOBE NEWSWIRE) -- Shareholder rights law firm Robbins LLP informs investors that on January 5, 2024, U.S. District Judge John P. Cronan, denied in part and granted in part the motion to dismiss the class action complaint filed on behalf of persons and entities that purchased or acquired TaskUs, Inc. (NASDAQ:TASK) securities between June 11, 2021 and January 19, 2022, paving the way for litigation to proceed. TaskUs provides outsourcing services for companies worldwide.
According to the amended complaint, defendants misstated two key human capital metrics, TaskUs's employee attrition rate and its rating on Glassdoor, which misled investors. In his ruling, Judge Cronan said the plaintiffs have adequately pleaded that TaskUs misled investors to believe its Glassdoor ratings "accurately reflected the company's positive workplace culture." In reality, according ...