4 FREQUENTLY ASKED QUESTIONS ABOUT THE CLASS ACTION AGAINST CS DISCO

Contact CS Disco stock loss lawyer Timothy L. Miles about a class action against CS Disco

INTRODUCTION TO THE CLASS ACTION AGAINST CD DISCO

The class action against CS Disco seeks to represent purchasers of CS Disco, Inc. (NYSE: LAW) common stock between July 21, 2021 and August 11, 2022, inclusive (the “Class Period”).  Captioned Gambrill v. CS Disco, Inc., No. 23-cv-08270 (S.D.N.Y.), the class action against CS Disco charges CS Disco and certain of its top executive officers with violations of the Securities Exchange Act of 1934.
​​
If you suffered losses in CS Disco stock and wish to serve as lead plaintiff in the class action against CS Disco, please ​contact CS Disco Stock Loss Lawyer Timothy L. Miles by calling 855/846-6529 or via e-mail at [email protected] or by submitting a contact form. Lead plaintiff motions for the class action against CS Disco must be filed with the court no later than November 20, 2023.

Read on for answers top four frequently asked questions about the class action against CS Disco.

what are the allegations in the class action against cs disco?

​The class action against CS Disco alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that despite “CS Disco frequently tout[ing] its rapid revenue growth,” “[d]efendants were aware of, or recklessly disregarded, the fact that the handful of customers that drove this explosive growth had already decided to end their projects with [CS Disco] by end of 2021, and CS Disco had excellent advance visibility into this shakeup in its business.”

The class action against CS Disco further alleges that on August 11, 2022, CS Disco “disclosed to investors that its explosive growth was in fact attributable to just a handful of large customers” and that “in warning investors that it would no longer be including revenues from these customers in its guidance, [CS Disco] also effectively disclosed that the business from these customers would not be returning.”  The class action against CS Disco alleges that on this news, the price of CS Disco common stock declined more than 53%.

WHAT IS THE LEAD PLAINTIFF PROCESS IN THE CLASS ACTION AGAINST CS DISCO?

The Private Securities Litigation Reform Act of 1995 permits any investor who purchased and suffered losses in CS Disco stock to seek appointment as lead plaintiff in the class action against CS Disco. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. 
​
​A lead plaintiff acts on behalf of all other class members in directing the class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the securities class action lawsuit.  An investor’s ability to share in any potential future recovery of the class action lawsuit is not dependent upon serving as lead plaintiff. If you suffered losses in CS Disco stock and have further questions, contact CS Disco stock loss Lawyer Timothy L. Miles today who will fight to recover your damages in a class action against CS Disco if you suffered losses in CS Disco​ stock.

IF I SUFFERED LOSSES IN CS DISCO STOCK, WHAT ARE THE BENEFITS OF SERVING AS LEAD PLAINTIFF IN THE CLASS ACTION AGAINST CS DISCO?

Serving as a Lead Plaintiff in the class action against CS Disco 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 it 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 of being 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. 

Thus, there are numerous benefits and other advantages to serving as lead plaintiff in a class action against CS Disco if you suffered losses in CS Disco​​ stock. ​

WILL THE LEAD PLAINTIFFS GET MORE MONEY THAN CLASS MEMBERS IF THE class action against CS Disco SETTLES?

​No, but they may be entitled to recover their reasonable expenses incurred with are directly related to representing the class in the class action against CS Disco. Under the Private Securities Litigation Reform Act of 1995, a Lead Plaintiff is only entitled to his or her pro rata share of any recovery and does not receive any additional money for serving as a representative party on behalf of the class.  However, a court, in its discretion, may approve an award of “reasonable costs and expenses (including lost wages)” to a Lead Plaintiff that directly relates to the representation of the class in the class action against CS Disco on behalf of investors who suffered losses in CS Disco stock. 

CONTACT AN CS DISCO STOCK LOSS LAWYER TODAY IF YOU SUFFERED LOSSES IN CS DISCO STOCK ABOUT A CLASS ACTION AGAINST CS DISCO

​If you suffered losses in CS Disco stock, contact CS Disco​ stock loss lawyer Timothy L. Miles today for a free case evaluation about a class action against CS Disco. Call today and see what a CS Disco​ stock loss lawyer could do for you if you suffered losses in CS Disco​​ stock.

CS Disco​ stock loss lawyer Timothy L. Miles 

Nashville attorney Timothy L. Miles is a nationally recognized shareholder rights attorney raised in Nashville, Tennessee. Mr. Miles has dedicated his career to representing shareholders, employees, and consumers in complex class-action litigation. Whether serving as lead, co-lead, or liaison counsel, Mr. Miles has helped recover hundreds of millions of dollars for defrauded investors, shaped precedent-setting decisions, and delivered real corporate governance reforms. Judges and peers have repeatedly recognized Mr. Miles relentless advocacy for the underdog, as well as his unbendable ethical standards. 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, 6Class Action:  Class Action: Top National Trial Lawyers, National Trial Lawyers Association (2023), 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); a Top Rated Litigator by Martindale-Hubbell® and ALM  (2019-2022); America's Most Honored Lawyers 2020; Top 1% by America's Most Honored (2020-2022).  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 or call for free anytime.

CONTACT                                                      
The Law Offices of Timothy L. Miles
Tapestry at Brentwood Town Center
300 Centerview Dr., #247
Brentwood, TN 37027
Phone: (855) 846-6529