Atlanta, Georgia--(Newsfile Corp. - September 29, 2021) - Holzer & Holzer, LLC is investigating whether Lightspeed Commerce, Inc. ("Lightspeed" or the "Company") (NYSE: LSPD) complied with federal securities laws. On September 29, 2021, Spruce Point Capital Management, LLC published a report alleging the Company lacks transparency in its disclosures and "has covered up massive inflation of its Total Addressable Market (TAM), customer counts, and Gross Transaction Volume (GTV)." The report details several other concerns, including the belief that Lightspeed is "covering up increasing competitive pressures and double-digit organic declines in its business with a flurry of acquisitions." On this report, the price of the Company's stock plummeted.
If you purchased Lightspeed stock and suffered a loss on that investment, you are encouraged to contact Corey D. Holzer, Esq. at cholzer@holzerlaw.com or Joshua Karr, Esq. at jkarr@holzerlaw.com, call our toll-free number at (888) 508-6832, or visit our website at www.holzerlaw.com to discuss your legal rights.
Holzer & Holzer, LLC is an Atlanta, Georgia law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. Since its founding in 2000, Holzer & Holzer attorneys have played critical roles in recovering hundreds of millions of dollars for shareholders victimized by fraud and other corporate misconduct. More information about the firm is available through its website, www.holzerlaw.com, and upon request from the firm. Holzer & Holzer, LLC has paid for the dissemination of this promotional communication, and Corey D. Holzer is the attorney responsible for its content.
CONTACT:
Corey D. Holzer, Esq.
(888) 508-6832 (toll-free)
cholzer@holzerlaw.com
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