New York, New York--(Newsfile Corp. - July 22, 2024) - Kuehn Law, PLLC, a shareholder litigation law firm, is investigating whether certain officers and directors of Amplitude, Inc. (NASDAQ: AMPL) breached their fiduciary duties to shareholders.
According to a federal securities lawsuit, Amplitude insiders caused the company to misrepresent or fail to disclose that (1) Amplitude's land-and-expand strategy was years away from significantly accelerating revenues among its newer client cohorts; and (2) the rapid acceleration in Amplitude's second quarter of 2021 results resulted from the effects of the COVID-19 pandemic which had not continued.
If you currently own AMPLand purchased prior to September 21, 2021 please contact Moon Young by email at moon@kuehn.law or call (833) 672-0814. The consultation and case are free with no obligation to you. Kuehn Law pays all case costs and does not charge its investor clients.Shareholders should contact the firm immediately as there may be limited time to enforce your rights.
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For additional information, please visit Shareholder Derivative Litigation - Kuehn Law.
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