NEW
YORK, Oct. 14, 2022 /PRNewswire/ -- Jakubowitz
Law announces that a securities fraud class action lawsuit has
commenced on behalf of shareholders of Olo Inc. (NYSE: OLO).
To receive updates on the lawsuit, fill out the
form:
https://claimyourloss.com/securities/olo-inc-loss-submission-form/?id=32617&from=4
This lawsuit is on behalf of all persons and entities that
purchased shares of Olo's Class A common stock between August 11, 2021 and August
11, 2022.
Shareholders interested in acting as a lead plaintiff
representing the class of wronged shareholders have until
November 28, 2022 to petition
the court. Your ability to share in any recovery doesn't require
that you serve as a lead plaintiff.
According to a filed complaint, Olo Inc. issued materially false
and/or misleading statements and/or failed to disclose that: (1)
Subway was ending its contract with Olo; (2) Olo's key business
metric – active locations – could not continue to grow as
defendants touted due to the loss of Subway's business; and (3) as
a result of the above, defendants' statements about Olo's business,
operations, and prospects were false and misleading and/or lacked a
reasonable basis.
Jakubowitz Law is vigorous in pursuit of justice for
shareholders who have been the victim of securities fraud. Attorney
advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887
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SOURCE Jakubowitz Law