NEW YORK, NY / ACCESSWIRE / July 31, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of LegalZoom.com, Inc. ("LegalZoom") (NASDAQ:LZ) concerning possible violations of federal securities laws.
On July 9, 2024, after market close, LegalZoom announced the resignation and replacement of its current Chief Executive Officer. According to the announcement, "The Board and Mr. Wernikoff decided that now is the right time for this transition, as the Company increases its focus on shifting towards subscription-based revenue to drive long-term profitable growth." LegalZoom also disclosed a reduction in revenue guidance for the full year from a range of $700 million to $720 million to a range of $675 million to $685 million.
LegalZoom's stock price opened at $5.36 per share on July 10, 2024, down approximately 30% from its market closing price of $7.85 per share on July 9, 2024. To obtain additional information, go to:
https://zlk.com/pslra-1/legalzoom-lawsuit-submission-form?prid=93267&wire=1
or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212)363-7500.
WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
jlevi@levikorsinsky.com
Tel: (212)363-7500
Fax: (212)363-7171
https://zlk.com/
SOURCE: Levi & Korsinsky, LLP
View the original
press release on accesswire.com
