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CSLT INVESTOR ALERT: Investigation on Behalf of Castlight Health, Inc. Shareholders Announced by the Law Offices of Howard G. Smith

Law Offices of Howard G. Smith announces that it is investigating potential claims on behalf of purchasers of the common stock of Castlight Health, Inc. (“Castlight” or the “Company”) (NYSE:CSLT) pursuant and/or traceable to the Company’s March 14, 2014 Initial Public Offering ("IPO").

The investigation concerns potentially fraudulent and/or misleading statements contained in Castlight’s registration statements and offering documents issued in connection with the IPO. The Company potentially misled investors by failing to disclose that: (i) Castlight’s backlog was increasing due to implementation delays relating to significant scalability issues; (ii) many Castlight customers were not renewing their contracts and upsells were not sufficient to offset the lost revenues; (iii) the Company’s technology was not scalable to a level sufficient to reach the margins and profitability conveyed to investors; and, (iv) as a result the Company’s financial performance was deteriorating. When the true details of the Company’s performance entered the market, Castlight’s share price declined and investors suffered damages.

If you purchased common stock pursuant and/or traceable to the Castlight IPO you are encouraged to contact Howard Smith, Esquire to discuss your legal rights: Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at 215-638-4847, toll-free at 888-638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com