SAN DIEGO, March 19, 2022 (GLOBE NEWSWIRE) — Shareholder rights law firm Johnson Fistel, LLP (www.JohnsonFistel.com) is investigating whether Riskified Ltd. (“Riskified” or the “Company”) (NYSE: RSKD), any of its officers or others have violated securities laws by making false statements or failing to timely disclose information significant and unfavorable to investors. The investigation focuses on investors’ losses and whether they can be recovered under federal securities laws.
What if I bought Riskified common stock? If you purchased Riskified common stock and suffered significant losses on your investment, join our survey now:
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What is Johnson Fistel investigating? On or about July 29, 2021, Riskified conducted its initial public offering (“IPO”), the company sold 17.5 million shares for $21.00. Since the IPO, the stock has fallen and on March 18, 2022, the risky stock closed at $6.75.
Specifically, Johnson Fistel’s investigation seeks to determine whether the company’s filings with the U.S. Securities and Exchange Commission in connection with its July 2021 IPO and subsequent communications with investors contained misrepresentation of material facts or omission to state other facts necessary to ensure that the statements made therein are not misleading regarding the business and operations of the Company.
What if I have relevant non-public information? Individuals with nonpublic information about the company should consider participating in our investigation or taking advantage of the SEC’s Whistleblower Program. Under the SEC’s program, whistleblowers who provide original information may, under certain circumstances, receive rewards totaling up to thirty percent of any successful recovery made by the SEC. For more information, contact Jim Baker at (619) 814-4471 or [email protected]
About Johnson Fistel, LLP. Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in securities class actions and derivatives lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Lawyer advertisement. Past results do not guarantee future results.
Johnson Fistel, LLP
Jim Baker, Senior Securities Analyst
Telephone: (619) 814-4471
Email: [email protected]