AMPL NEWS: Johnson Fistel Encourages Amplitude Investors to Seek Counsel Before Lead Plaintiff Class Action Deadline
SAN DIEGO, March 14, 2024 (GLOBE NEWSWIRE) — Shareholder rights law firm Johnson Fistel, LLP announces that a class action lawsuit has commenced on behalf of investors of Amplitude, Inc. (NASDAQ: AMPL). The class action is on behalf of shareholders who purchased or otherwise acquired securities between September 21, 2021 and February 16, 2022, both dates inclusive (the “Class Period”). Investors are hereby notified that they have until April 15, 2024, to move the Court to serve as lead plaintiff in this action.
According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that: (1) Amplitude’s land-and-expand strategy was years away from significantly accelerating revenues among its newer client cohorts; (2) the rapid acceleration in Amplitude’s second quarter 2021 results resulted from the ephemeral effects of the COVID-19 pandemic which had not continued by the start of the Class Period, as Amplitude clients were expanding at a slower pace; and (3) as a result, Amplitude’s business, operations, financial results, and prospects were materially worse than represented to investors during the Class Period. When the true details entered the market, the lawsuit claims that investors suffered damages.
If you would like to review the complaint and join the class action, please follow the link below for more information:
https://www.johnsonfistel.com/investigations/amplitude-filed-class-action
There is no cost or obligation to you.
What can Investors Do: Shareholders who incurred losses during the class period, have until April 15, 2024, to move the court to become a lead plaintiff in this action. A lead plaintiff will act on behalf of all other class members in directing the class-action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the class-action lawsuit. An investor’s ability to share any potential future recovery of the class action lawsuit is not dependent upon serving as lead plaintiff.
About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York, Georgia, and Colorado. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com.
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Contact:
Johnson Fistel, LLP
501 W. Broadway, Suite 800, San Diego, CA 92101
James Baker, Investor Relations or Frank J. Johnson, Esq., (619) 814-4471
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