NEW YORK,
Dec. 27,
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=34905&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