Atlanta, Georgia--(Newsfile Corp. - September 27, 2022) - Holzer & Holzer, LLC informs investors that a class action lawsuit was filed against Olo Inc. ("Olo" or the "Company") (NYSE: OLO). The lawsuit alleges Olo made materially false and misleading statements and/or failed to disclose material adverse facts about the Company's business, operations, and prospects, including: (1) Subway was ending its contract with Olo; and (2) Olo's key business metric - active locations - could not continue to grow as Defendants touted due to the loss of Subway's business.
If you bought shares of Olo between August 11, 2021 to August 11, 2022, and you suffered a significant loss on that investment, you are encouraged to discuss your legal rights by contacting Marshall Dees, Esq. at mdees@holzerlaw.com or Joshua Karr, Esq. at jkarr@holzerlaw.com, by toll-free telephone at (888) 508-6832 or you may visit the firm's website at https://holzerlaw.com/case/olo/ to learn more.
The deadline to ask the court to be appointed lead plaintiff in the case is November 28, 2022.
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, https://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:
Marshall Dees, Esq.
(888) 508-6832 (toll-free)
mdees@holzerlaw.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/138613
