Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Latch To Contact Him Directly To Discuss Their Options
New York, New York--(Newsfile Corp. - August 29, 2022) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Latch, Inc. f/k/a TS Innovation Acquisitions Corp. ("Latch" or the "Company") (NASDAQ: LTCH, LTCHW, TSIA, TSIAW, TSIAU).
If you suffered losses exceeding $50,000 investing in Latch stock or options and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). You may alsoclick here for additional information: www.faruqilaw.com/LTCH.
There is no cost or obligation to you.
Faruqi & Faruqi is a leading minority and Woman-owned national securities law firm with offices in New York, Pennsylvania, California and Georgia.
In June 2021, Latch and TS Innovation Acquisitions Corp., a special purpose acquisition company, completed a de-SPAC merger which resulted in Latch becoming a public company.
Then on August 25, 2022, after trading hours, Latch filed with the SEC a current report on Form 8-K which stated that "the Audit Committee, in consultation with the Company's management, has determined that the Company's consolidated financial statements for 2021 and the first quarter of 2022 will be restated." The current report also stated that "[b]ased on the preliminary findings of the Investigation, certain revenue recognition errors occurred as a result of unreported sales arrangements due to sales activity that was inconsistent with the Company's internal controls and procedures[,]" and that "[t]he Company's management is assessing the effect of the matters identified to date and the restatement on the Company's internal control over financial reporting and its disclosure controls and procedures."
On this news, Latch's share price fell 12% on August 26, 2022.
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