BOSTON, MA / ACCESSWIRE / June 8, 2023 / A class action lawsuit has been filed against SentinelOne, Inc. (NYSE:S) for securities law violations. Investors who purchased shares and have lost money are encouraged to contact the firm to learn more about how they might recover those losses. For more details, visit https://www.blockleviton.com/cases/s.
What is this all about?
After the market closed on June 1, SentinelOne, Inc. disclosed the correction of historical inaccuracies in its calculation of annual recurring revenue ("ARR") resulting in a one-time ARR reduction of $27 million.
The complaint alleges that Defendants failed to disclose to investors that, as a result of weaknesses in the company's accounting, SentinelOne's ARR was overstated.
Shares of SentinelOne stock dropped more than 30% on June 2, 2023.
Who is eligible?
Anyone who purchased SentinelOne, Inc. stock between June 1, 2022 and June 1, 2023, and has lost money may be eligible, whether or not they have sold their investment. Investors should contact Block & Leviton to learn more.
What should you do next?
The deadline to seek appointment as lead plaintiff is August 7, 2023. A class has not yet been certified, and until a certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
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
www.blockleviton.com
SOURCE: Block & Leviton LLP
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https://www.accesswire.com/760068/SentinelOne-Sued-for-Securities-Law-Violations-Investors-Should-Contact-Block-Leviton-for-More-Information