NEW
YORK, Dec. 16, 2022 /PRNewswire/ -- Jakubowitz
Law announces that a securities fraud class action lawsuit has
commenced on behalf of shareholders of Freshworks Inc. (NASDAQ:
FRSH).
To receive updates on the lawsuit, fill out the
form:
https://claimyourloss.com/securities/freshworks-inc-lawsuit-loss-submission-form/?id=34647&from=4
This lawsuit is on behalf of persons and entities that purchased
Freshworks common stock pursuant to and/or traceable to documents
issued in connection with the Company's initial public
offering.
Shareholders interested in acting as a lead plaintiff
representing the class of wronged shareholders have until
January 3, 2023 to petition
the court. Your ability to share in any recovery doesn't require
that you serve as a lead plaintiff.
According to the complaint, the documents used to effectuate
Freshworks' initial public offering were false and misleading and
omitted to state that, at the time of the initial public offering,
the Company's business had encountered obstacles. As a result of
these obstacles, Freshworks' net dollar retention rate was
plateauing, and its revenue growth rate and billings were
decelerating.
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