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New York, August 11, 2024 PRNewswire/ —
Reason: Rosen Law Firm, a global investor rights law firm, reminds MongoDB, Inc. (NASDAQ: database) between August 31, 2023 and May 30, 2024(including the first and last two days) (“course period”), important September 9, 2024 Lead plaintiff deadline.
So: If you purchased MongoDB securities during the period of litigation, you may be entitled to compensation through a contingency fee arrangement without payment of any out of pocket fees or costs.
What to do next: To join the MongoDB class action lawsuit, visit https://rosenlegal.com/submit-form/?case_id=27182 Or call Mr. Phillip Kim Toll-free: 866-767-3653 or email (email protected) Information about the class action lawsuit. A class action lawsuit has been filed. If you wish to serve as lead plaintiff, you must file a class action lawsuit no later than September 9, 2024The lead plaintiff is a representative party who directs the litigation on behalf of other class members.
Case details: According to the lawsuit, throughout the litigation period, defendants created the false impression that they had reliable information about the company’s projected revenue outlook and expected growth, while also minimizing the risks posed by seasonality and macroeconomic fluctuations. In fact, MongoDB’s sales team reorganization prioritized reducing friction in the registration process, resulting in a complete loss of upfront commitments; the sales team collected significantly less information about the trajectory of new MongoDB Atlas registrations; and the pressure to increase new registrations was reduced. Defendants misled investors by providing the public with materially flawed statements of confidence and growth projections that did not take these variables into account. When the true details entered the market, the lawsuit claims that investors suffered losses.
To join the MongoDB class action lawsuit, visit https://rosenlegal.com/submit-form/?case_id=27182 Or call Mr. Phillip Kim Toll-free: 866-767-3653 or email (email protected) Learn about class action lawsuits.
No class action has yet been certified. Until a class action is certified, you will not be represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and take no action at this time. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
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contact information:
Mr. Lawrence Rosen
Mr. Phillip Kim
Rosen Law Firm, Pennsylvania
275 Madison Avenue, 40th Floor
New York City, New York 10016
Phone: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
(email protected)
www.rosenlegal.com
SOURCE Rosen Law Firm
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