YORK, Aug. 12, 2022 /PRNewswire/ -- Jakubowitz
Law announces that a securities fraud class action lawsuit has
commenced on behalf of shareholders of Yext, Inc. (NYSE: YEXT).
To receive updates on the lawsuit, fill out
The lawsuit seeks to recover losses for shareholders who
purchased Yext between March 4, 2021
and March 8, 2022.
Shareholders interested in acting as a lead plaintiff
representing the class of wronged shareholders have until
August 16, 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, Yext, Inc. issued materially
false and/or misleading statements and/or failed to disclose that:
(i) Yext's revenue and earnings were significantly deteriorating
because of, among other things, poor sales execution and
performance, as well as COVID-19 related disruptions; (ii)
accordingly, Yext was unlikely to meet consensus estimates for its
full year fiscal 2022 financial results and fiscal 2023 outlook;
and (iii) 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.
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SOURCE Jakubowitz Law