NEW
YORK, July 8, 2022 /PRNewswire/ -- Jakubowitz
Law announces that a securities fraud class action lawsuit has
commenced on behalf of shareholders of Okta, Inc. (NASDAQ:
OKTA).
To receive updates on the lawsuit, fill out the
form:
https://claimyourloss.com/securities/okta-inc-loss-submission-form/?id=29604&from=4
The lawsuit seeks to recover losses for shareholders who
purchased Okta between March 5, 2021
and March 22, 2022.
Shareholders interested in acting as a lead plaintiff
representing the class of wronged shareholders have until
July 19, 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, Okta, Inc. issued materially
false and/or misleading statements and/or failed to disclose that:
(i) Okta had inadequate cybersecurity controls; (ii) as a result,
Okta's systems were vulnerable to data breaches; (iii) Okta
ultimately did experience a data breach caused by a hacking group,
which potentially affected hundreds of Okta customers; (iv) Okta
initially did not disclose and subsequently downplayed the severity
of the data breach; (v) all the foregoing, once revealed, was
likely to have a material negative impact on Okta's business,
financial condition, and reputation; and (vi) as a result, the
Company's public statements were materially false and misleading at
all relevant times.
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