EQUITY ALERT: The Rosen Law Firm Announces the Filing of a Securities Class Action Lawsuit against Castlight Health, Inc. - CSLT

The Rosen Law Firm, a global investor rights firm, announces that a class action lawsuit has been filed on behalf of purchasers of Castlight Health, Inc. (NYSE:CSLT) common stock pursuant and/or traceable to the Company’s March 14, 2014 Initial Public Offering ("IPO"). The lawsuit seeks to recover damages for Castlight Health investors under the federal securities laws.

To join the Castlight Health class action, go to the firm’s website at http://www.rosenlegal.com/cases-578.html or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or kchan@rosenlegal.com for information on the class action.

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.

The lawsuit alleges that the Registration Statement issued in connection with the IPO failed to disclose that: (i) the Company’s backlog was growing due to implementation delays associated with scalability issues; (ii) the Company was experiencing significant churn; (iii) the implementation delays and expenses stemming from the Company’s inability to scale it products was a significant negative impact on its gross margins; and (iv) the deployment of the Company’s technology was not adequately scalable to achieve revenue growth and costs reduction. When the true details entered the market, the suit claims that investors suffered damages.

If you wish to join the class action and recover your losses, go to the firm’s website at http://www.rosenlegal.com/cases-578.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.

The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.