HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages LPSN Investors With Substantial Losses to Contact Firm's Attorneys Investigating Possible Securities Law Violations
SAN FRANCISCO, CA / ACCESSWIRE / March 1, 2024 / Hagens Berman urges LivePerson, Inc. (NASDAQ:LPSN) investors who suffered substantial losses to submit your losses now.
Visit:www.hbsslaw.com/investor-fraud/LPSN
Contact An Attorney Now:LPSN@hbsslaw.com
844-916-0895
LivePerson, Inc. (LPSN) Investigation:
Once viewed as a hot AI stock pick, LivePerson has reported a series of a disappointing quarters, leading to the ouster of its Founder and CEO Robert LoCascio in Aug. 2023 and the steep decline of its share price.
On Feb. 28, 2024, LivePerson delivered more bad news when it announced its Q4 2023 financial results and its 2024 outlook. The company reported Q4 revenues of $95.5 million, falling about 22% year over year and 6% sequentially. The company blamed the poor results and dismal guidance on customer renewal challenges and cancellations that it began to see 9 to 12 months ago.
During the earnings call, LivePerson's CFO (John Collins) said that for 2024 "we expect revenue to be in the range of $300 million to $315 million[]" and "[t]his range is heavily impacted by the concentration of cancellations in the first quarter, which have full year revenue impact."
In response to these events, the price of LivePerson crashed $1.12, or over 47% lower, on Feb. 29, 2024.
"We are investigating whether LivePerson may have misled investors about its ability to attract and retain customers and generate sustainable growth," said Reed Kathrein, the Hagens Berman partner leading the firm's investigation.
If you invested in LivePerson and have substantial losses, or have knowledge that may assist the firm's investigation, click here to discuss your legal rights with Hagens Berman »
If you'd like more information and answers to frequently asked questions about the LivePerson investigation, read more »
Whistleblowers: Persons with non-public information regarding LivePerson should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email LPSN@hbsslaw.com.
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About Hagens Berman
Hagens Berman is a global plaintiffs' rights complex litigation law firm focusing on corporate accountability through class-action law. The firm is home to a robust securities litigation practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and fraud. More about the firm and its successes can be found at hbsslaw.com. Follow the firm for updates and news at @ClassActionLaw.
Contact:
Reed Kathrein, 844-916-0895
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SOURCE: Hagens Berman Sobol Shapiro LLP
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