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Cognyte is facing a class action lawsuit alleging that the Company made materially false and/or misleading statements and/or failed to disclose that: 1) Cognyte created, distributed, and provided reconnaissance tools and services that violated community standards and terms of service of communication network sources and technologies such as Facebook; and 2) the foregoing exposed the Company to significant financial and reputational risk.
If you incurred a loss on CGNT common stock purchased between February 2, 2021 and June 28, 2022, this lawsuit is on your behalf. The lawsuit was filed in the United States District Court for the Southern District of New York, and our firm is reaching out to investors to discuss their legal rights.
If you wish to act as a representative of the shareholders harmed by this misconduct, you may ask the court to appoint you as lead plaintiff. A lead plaintiff directs the litigation and participates in important decisions, including whether to accept a settlement for the class in the action.
You only have until May 1, 2023 to apply to be lead plaintiff. The court will then evaluate the applicants and choose a lead plaintiff. You are not required to act as a lead plaintiff in order to participate in any recovery.
See If you Qualify for Monetary RewardLoss Submission Form