3 Frequently Asked Questions About the LivePerson Class Action Lawsuit

5/2/2023

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If you suffered losses in LivePerson stock call a LivePerson stock loss lawyer

The LivePerson class action lawsuit seeks to represent purchasers or acquirers of LivePerson, Inc. (NASDAQ: LPSN) publicly traded securities between May 10, 2022 and March 16, 2023, inclusive (the “Class Period”). Captioned Straub v. LivePerson, Inc., No. 23-cv-03078 (E.D.N.Y.), the LivePerson class action lawsuit charges LivePerson and certain of its top executives with violations of the Securities Exchange Act of 1934.

If you suffered losses in LivePerson stock and wish to serve as lead plaintiff in the class action against LivePerson please provide your information below. You can also contact LivePerson Stock Loss Lawyer Timothy L. Miles by calling 855/846-6529 or via e-mail at [email protected]. Lead plaintiff motions for the LivePerson class action lawsuit must be filed with the court no later than June 23, 2023. If you suffered losses in LivePerson stock and have questions, please contact LivePerson stock Loss Lawyer Timothy L. Miles today.

Read on for answers to three frequently asked questions about the LivePerson class action lawsuit.

What Are the Allegations in the LivePerson Class Action Lawsuit?

LivePerson delivers mobile and online messaging solutions through Conversation Artificial Intelligence. In 2022, LivePerson completed its acquisition of WildHealth, Inc. which purports to “analyze [patients’] DNA, biometrics, and lifestyle activity to provide a blueprint for maximizing [patients’] health span.”

The LivePerson class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) LivePerson failed to address any material weaknesses with internal controls; (ii) LivePerson’s third quarter financial statements, ended in September 30, 2022, failed to disclose WildHealth’s suspension of Medicare reimbursement; and (iii) as a result, LivePerson’s fourth quarter 2022 revenue would be affected.

On February 28, 2023, LivePerson announced that it would be unable to timely file its annual report. LivePerson further revealed that Medicare reimbursement was suspended with respect to a recently discontinued WildHealth program. On this news, the price of LivePerson stock declined more than 14%.

Then, on March 6, 2023, LivePerson announced that a “review of WildHealth revenue is anticipated to affect fourth quarter 2022 revenue attributable to WildHealth’s participation in a Medicare demonstration program, due to suspension in November 2022 of Medicare reimbursements under the program and pending further governmental review.” On this news, the price of LivePerson stock declined further and investors suffered losses in LivePerson stock.

Finally, on March 16, 2023, LivePerson reported that “due to certain control deficiencies which aggregated to a material weakness in [LivePerson’s] internal control over financial reporting . . . [LivePerson’s] disclosure controls and procedures were not effective as of December 31, 2022.” On this news, the price of LivePerson stock declined more than 57%, further damaging investors who suffered losses in LivePerson stock.

What Are the Benefits of Serving as Lead Plaintiff in the Class Action Against LivePerson?

Serving as a Lead Plaintiff in the LivePerson person class action lawsuit has several advantages and important benefits including:

A Lead Plaintiff is able to negotiate more competitive attorney fees and reduce other litigation costs by actively monitoring the class counsel.
Lead Plaintiff has the benefit of being able to manage the litigation primarily by overseeing and monitoring the progress of the action and the efforts of counsel, and being able to review and comment on important filings and other documents pertaining to the prosecution of the action.
There is no financial risk in serving as a Lead Plaintiff because Lead Counsel advances all costs and expenses incurred int the prosecution of the case and will be reimbursed only if there is a successful settlement or judgment recovery on behalf of the class.
Lead Plaintiff has the benefit involved and active in all negotiations relating to any settlement.
Lead Plaintiffs that continue owning the stock of the defendant will enjoy the long-term benefits from governance reform resulting from the litigation.

How Can a LivePerson Stock Loss Lawyer Help Me if I Suffered Losses in LivePerson Stock?

A LivePerson stock loss Lawyer is well-versed in the complex laws that govern the securities industry and litigation. A LivePerson stock loss Lawyer focuses on representing individual investors or funds who have been the victims of fraud or who have disputes with investment professionals. Ordinary individual investors, including civil servants, teachers, nurses, and retirees, may need a securities lawyer. In most cases, if they have lost money due to mistakes, incompetence, or fraud by an investment professional. While FINRA, the SEC, and state securities regulators serve a vital role in protecting investors, they simply have too many individuals, firms, and market transactions to monitor to discovery every act of fraud or negligence. Individual investors should consult with a securities lawyer if they have lost money due to fraud or stockbroker misconduct such as investors who suffered losses in LivePerson stock.

Contact a LivePerson Stock Loss Lawyer Today if You Suffered Losses in LivePerson Stock

If you suffered losses LivePerson stock, contact LivePerson stock loss lawyer Timothy L. Miles today for a free case evaluation about a class action lawsuit against LivePerson.

TIMOTHY L. MILES, ESQ.

Timothy L. Miles, Esq. is a nationally recognized shareholder rights attorney raised in Nashville, Tennessee. Mr. Miles was recently selected by Martindale-Hubbell® and ALM as a 2022 Top Ranked Lawyer, 2022 Top Rated Litigator. and a 2022 Elite Lawyer of the South. Mr. Miles also maintains the AV Preeminent Rating by Martindale-Hubbell®, their highest rating for both legal ability and ethics. Mr. Miles is a member of the prestigious Top 100 Civil Plaintiff Trial Lawyers: The National Trial Lawyers Association, a superb rated attorney by Avvo, a recipient of the Lifetime Achievement Award by Premier Lawyers of America (2019) and recognized as a Distinguished Lawyer, Recognizing Excellence in Securities Law, by Lawyers of Distinction (2019). Mr. Miles has published over sixty articles on various issues of the law, including class actions, whistleblower cases, products liability, civil procedure, derivative actions, corporate takeover litigation, corporate formation, mass torts, dangerous drugs, and more. Please visit our website.