NEW
YORK, Dec. 4, 2023 /PRNewswire/ -- The Gross Law
Firm issues the following notice to shareholders of Paycom
Software, Inc..
Shareholders who purchased shares of PAYC during the class
period listed are encouraged to contact the firm regarding possible
lead plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/paycom-loss-submission-form/?id=58015&from=4
CLASS PERIOD: May 3, 2023
to November 1, 2023
ALLEGATIONS: The complaint alleges that
during the class period, Defendants issued materially false and/or
misleading statements and/or failed to disclose that: (1) Paycom's
Beti product led to cannibalization of the Company's services and
revenues; (2) Paycom knew but failed to disclose that Beti was
leading to cannibalization of the Company's services and revenues,
and failed to warn of cannibalization as a general risk; (3) as a
result of cannibalization of revenue, Paycom missed its expected
3Q23 revenue and would have to revise its expected 2023 Revenues;
(3) the cannibalization issue resulted in projected 2024
year-over-year revenue growth to between 10% and 12%, well below
expectations; and (5) as a result, defendants' statements about its
business, operations, and prospects, were materially false and
misleading and/or lacked a reasonable basis at all relevant
times.
DEADLINE: January 9, 2024
Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/paycom-loss-submission-form/?id=58015&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of PAYC during the timeframe
listed above, you will be enrolled in a portfolio monitoring
software to provide you with status updates throughout the
lifecycle of the case. The deadline to seek to be a lead plaintiff
is January 9, 2024. There is no cost
or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross Law
Firm is committed to ensuring that companies adhere to responsible
business practices and engage in good corporate citizenship. The
firm seeks recovery on behalf of investors who incurred losses when
false and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm