NEW
YORK, Aug. 29, 2022 /PRNewswire/ -- Gardy
& Notis, LLP announces an investigation into potential
violations of U.S. federal securities laws by Latch, Inc. (NASDAQ:
LTCH) focused on whether Latch and certain of its officers made
false and misleading statements and/or failed to disclose material
information to investors.
If you have information that could assist in this investigation
or if you are a Latch investor who would like to learn more, please
contact James Notis of Gardy &
Notis by calling 914-351-2460 or by email at
jnotis@gardylaw.com.
On August 25, 2022, Latch
announced that its Audit Committee determined that the consolidated
financial statements Latch filed with the SEC and published to
investors for the year ended December 31,
2021 and the first quarter ended March 31, 2022 "should no longer be relied upon
as a result of material errors and possible irregularities relating
to, among other things, the manner in which the Company recognized
revenue associated with the sale of hardware devices during 2021
and the first quarter of 2022." Latch announced that the financial
statements would need to be restated and that the matters
underlying the revenue recognition practices are "likely to result
in one or more material weaknesses in the Company's internal
control over financial reporting during the applicable periods."
Latch further disclosed that the Audit Committee's investigation is
ongoing.
Gardy & Notis, LLP is a New
York-based securities litigation law firm that represents
plaintiffs in investor class actions. If you are a current or
former owner of Latch common stock, you may be entitled to
compensation without payment of any out of pocket fees or costs
through a contingency fee arrangement.
Attorney advertising. Past results do not guarantee future
outcomes.
Contact:
James Notis
GARDY & NOTIS, LLP
126 East 56th Street
New York, NY 10022
jnotis@gardylaw.com
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SOURCE Gardy & Notis, LLP