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12%+ Loss | LTCH Stock News | Latch Inc Securities Class Action Lawsuit

Автор: Levi & Korsinsky LLP

Загружено: 2022-09-29

Просмотров: 10993

Описание: Deadline October 31, 2022, Learn More 👉 https://bit.ly/LTCH-NASDAQ
12%+ Loss | LTCH Stock News | Latch Inc Securities Class Action Lawsuit #LTCH

LTCH Stock News and Latch Inc

Latch revealed that it would restate financial statements for 2021 and the first quarter of 2022 due to revenue recognition errors related to the sale of hardware devices. Specifically in Form 8-K filed with the SEC

Investors, did you purchase or otherwise acquired Latch securities between May 13, 2021 and August 25, 2022

According to the complaint, defendants made false statements and/or concealed that:
(1) there were unreported sales arrangements related to hardware devices;
(2) as a result, the Company had improperly recognized revenue throughout fiscal 2021 and first quarter 2022;
(3) there were material weaknesses in Latch’s internal control over financial reporting related to revenue recognition;
(4) as a result of the foregoing, Latch would restate financial statements for fiscal 2021 and first quarter 2022; and
(5) as a result of the foregoing, defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

To join Click here 👉 https://bit.ly/LTCH-NASDAQ

For over 20 years, Levi & Korsinsky have recovered hundreds of millions of dollars for shareholders. We look forward to hearing from you. Prior results do not guarantee similar outcomes, and this video may be considered attorney advertising under the laws of your state.

LTCH Stock News and Latch Inc

Register on CORE. Join more than 150K users and protect your portfolio 👉 https://www.compensationrecovery.com/...
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________________________Time Stamp ⏲️ _______________________
00:00 LTCH STOCK
00:37 Levi and Korsinsky
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12%+ Loss | LTCH Stock News | Latch Inc Securities Class Action Lawsuit

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