Finance

Notice to Shareholders: Class Action Lawsuit Against LivePerson, Inc. Announced

Published December 29, 2023

On December 28, 2023, The Gross Law Firm issued an important announcement for shareholders of LivePerson, Inc. LPSN, a company specializing in conversational commerce solutions and based out of New York, New York. The law firm notified investors who purchased LPSN shares within the designated class period that they might be eligible to be appointed as lead plaintiff in a class action lawsuit currently forming.

Class Period and Lead Plaintiff Deadline

Shareholders who have invested in LPSN shares and might have been affected are prompted to get in touch with The Gross Law Firm to discuss their rights and potential appointment as lead plaintiff. The firm has also set a lead plaintiff deadline of January 30, 2024, by which affected shareholders need to make their interest known.

Potential Claims and Legal Recourse

Investors who meet the eligibility criteria and have bought LPSN shares during the class period might have claims against LivePerson Inc. due to possible violations of federal securities laws. Qualifying shareholders are encouraged to promptly contact The Gross Law Firm to get more details about the lawsuit, discuss their rights, and understand the benefits of acting as a lead plaintiff.

Importance of the Lead Plaintiff Position

The position of lead plaintiff is not mandatory, but it is a crucial role in class action lawsuits. The lead plaintiff generally directs the litigation process and could have a significant impact on the lawsuit's outcome. Investors owning a substantial quantity of the affected shares have generally prioritized consideration for the lead plaintiff role. However, the court will make the final determination of who will be appointed for this position.

Contact Information for Affected Shareholders

The Gross Law Firm highlights the importance of potential lead plaintiffs contacting them before the January 30, 2024 deadline. The contact is not just a formality but a step towards protecting one's investment and possibly recovering any losses incurred from potential corporate wrongdoing.

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