Contact CS Disco stock loss lawyer Timothy L. Miles about a CS Disco class action lawsuit today
SUMMARY OF INVESTOR SYNOPSIS
Welcome to this investor synopsis of the CS Disco class action lawsuit. In this synopsis, we will take a hard look at CS Disco including its background, leadership, directors, stock information, and then delve into the CS Disco class action lawsuit, including the lead plaintiff process, qualifications for the CS Disco class action lawsuit, how a CS Disco Stock Loss Lawyer can help you, and much more.
We hope you find this information useful and helpful. If you are thinking of moving for lead plaintiff status in the CS Disco class action lawsuit, or have any questions about you rights as a class member or anything else, please do not hesitate to reach out to Timothy L. Miles. This will most likely be the only call you need to make. (855) 846–6529 or [email protected]. And, the call is free and so is the fee unless we win or settle your case.
BACKGROUND ON CS DISCO
Overview of CS Disco
CS Disco, Inc., based in Austin, Texas, has been providing innovative legal solutions since its founding in 2012. Their cloud-native and AI-powered offerings include DISCO EDiscovery, a tool that automates the e-discovery process by collecting, processing, enriching, searching, reviewing, analyzing, producing, and using enterprise data for legal matters. Another product is DISCO Review, an AI-powered document review solution that guarantees consistent results. DISCO Case Builder is a solution that gives legal professionals the ability to collaborate and build a case by searching, organizing, and reviewing witness testimonies and other legal data. Additionally, DISCO Hold automates manual labor to preserve data, notify custodians, record holds, and collect data when necessary; and DISCO Request processes requests and subpoenas. These tools are used in various legal matters such as litigation, investigation, compliance, and diligence.
The Leadership of CS Disco
Disco is let by Scott Hill, who has served as the company's Chief Executive Office (CEO) Since September 2023 and as a member of the Board of Directors since June 2021. Mr. Hill most recently served as an advisor to the Chief Executive Officer of Intercontinental Exchange, Inc. from May 2021 to February 2023 and also served as its Chief Financial Officer from May 2007 to May 2021. Before that, Mr.Hill was an international finance executive for International Business Machines Corporation from 1991 to 2007. Other company executives consist of: Michale Lafair (Chief Financial Officer); Tomo Furr (Chief Marketing Officer); Kevin Smith (Chief Product Officer); Melanie Antoon (Senior Vice President, Professional Services); Luke McNeal (Senior Vice President, Global Sales); and Karen Herckis (Senior Vice President, Human Resources).
CS Disco's Board of Directors
CS Disco's has an eight-person Board of Directors consisting of the following individuals:
The Board has three standing committees: the Audit Committee, the Compensation Committee, and the Nominating and Corporate Governance Committee. The Audit Committee consists of directors Baber, Blout and Offerdahl (Committee Chair). The Compensation Committee consists of directors Srinivasan and Goodman (Committee Chair). The Nominating and Corporate Governance Committee consists of directors Burnette, Clark, Srinivasan and Blount (Committee Chair). The company has charters for each committee along with Corporate Governance Guidelines, a Code of Business Conduct and Ethics, and a Whistleblower Policy for Accounting and Auditing Matters.
CS Disco's Stock Information
company's stock trades on the New York Stock Exchange and currently trades at approximately $6 dollars per share, with a 52-week high of $11.45 and a low of $5.27 constituting a 52-Week Change of -33.67. The company has approximately 60.14 shares outstanding. It has a profit margin of -55.07 and an operating margin of -44.98 with a return on assets of -18.55% and a return on equity of -32.78%. It has an Operating Cash Flow of -45.64M and a Levered Free Cash Flow of -26.28 million.
BACKGROUND TO THE CS DISCO CLASS ACTION LAWSUIT
The CS Disco class action lawsuit 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 CS Disco class action lawsuit 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 CS Disco class action lawsuit, 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 CS Disco class action lawsuit must be filed with the court no later than November 20, 2023.
THE ALLEGATIONS IN THE CS DISCO CLASS ACTION LAWSUIT
The CS Disco class action lawsuit alleges that defendants throughout the Class Period madefalse 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 CS Disco class action lawsuit 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 CS Disco class action lawsuit that on this news, the price of CS Disco common stock declined more than 53%, wiping-out over one-half of the company's market capitalization.
THE LEAD PLAINTIFF PROCESS IN THE THE CS DISCO CLASS ACTION LAWSUIT
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 CS Disco class action lawsuit. 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 CS Disco class action lawsuit if you suffered losses in CS Disco stock.
NON-U.S. INVESTORs may SERVE AS LEAD PLAINTIFFs IN THE CS DISCO CLASS ACTION LAWSUIT
Yes, courts in the U.S. have consistently recognized that non-U.S. investors, many of whom have substantial holdings, are adequate lead plaintiffs and have the same right to move for lead plaintiffs as U.S. investors. Thus, if a non-U.S. investor suffered losses in CS Disco stock, they may move the Court to be appointed lead plaintiff in the CS Disco class action lawsuit.
THE BENEFITS OF SERVING AS LEAD PLAINTIFF IN THE CS DISCO CLASS ACTION LAWSUIT?
Serving as a Lead Plaintiff in the CS Disco class action lawsuit has several advantages and important benefits including:
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.
SHARES PURCHASED OUTSIDE OF THE CLASS PERIOD in the class action against CS disco
Even if you suffered losses in CS Disco stock, if you purchased outside of the Class period, you will not be able to participate in the class action against CS Disco.
THE LEAD PLAINTIFFS will not GET MORE MONEY THAN CLASS MEMBERS IF THE CS DISCO CLASS ACTION LAWSUIT SETTLES
However, they may be entitled to recover their reasonable expenses incurred with are directly related to representing the class in the CS Disco class action lawsuit. 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 CS Disco class action lawsuit on behalf of investors who suffered losses in CS Disco stock.
THE CLASS PERIOD DETERMInation IN THE CS DISCO CLASS ACTION LAWSUIT
In a securities fraud class action, the class period refers to a period of time in which it is alleged the price of the company’s stock was artificially inflated due to false and misleading statements made by company executives. The class period starts when the company makes an untrue statement of material fact about the company or fails to disclose a material fact necessary to render other statements not misleading. The class period ends when the truth is revealed to the investing public through a corrective disclosure.
In order to be a part of the class in the CS Disco class action lawsuit, you must have suffered losses in CS Disco stock by purchasing during the class period when it is alleged the price of the stock was artificially inflated to be included in the class action against CS Disco.
HOW A cs disco STOCK LOSS LAWYER CAN HELP
A CS Disco Stock Loss Lawyer is well-versed in the complex laws that govern the securities industry and litigation and focuses on representing individual investors or funds who have been the victims of fraud or who have disputes with investment professionals as in the class action against CS Disco. Ordinary individual investors, including civil servants, teachers, nurses, and retirees, may need a securities lawyer. In most cases, 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 discover 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.
Look for a securities lawyer with experience, high ethical standards, verifiable credentials, and a trustworthy reputation among his peers and the judiciary, as well as testimonials from previous clients and awards and recognitions.
One name that immediately pops up is nationally known and widely respected Nashville lawyer Timothy L. Miles, who has valuable experience and has received numerous awards, mostly due to his high ethical standards, and hard work ethic, including most recently being named a Top 25 Class action lawyer by the National Trial Lawyers Association, and has maintained an AV rating from Martindale-Hubble since 2014, was named a 2023 Top Rated Litigator and 2023 Top Rated Lawyer by Martindale-Hubble and ALM, and was recently named a 2023 Elite Lawyer of the South by Martindale-Hubble for the fifth year in a row, and was a recipient of Avvo Client’s Choice Award in 2021, in 2022 was featured in the Top 100 Lawyers Magazine and received the Lifetime Achievement Award by Premier Lawyers of America (2019–2021).
This will most likely be the only call you need to make. (855) 846–6529 or [email protected].
HOW DO I KNOW IF I AM A MEMBER OF THE CLASS IN THE CS DISCO CLASS ACTION LAWSUIT?
If you purchased shares during the class period and suffered losses in CS Disco stock, then you are most likely a member of the class in the class action against CS Disco and may participate in the CS Disco class action lawsuit since you suffered losses in CS Discon stock.
MISSing THE LEAD PLAINTIFF DEADLINE IN CS DISCO CLASS ACTION LAWSUIT
If you purchased shares during the class period and suffered losses in CS Disco stock, then you will automatically be a class member and entitled to share in any potential settlement or recovery. Your ability to be a class member and recover your losses is not dependent on you serving as a lead plaintiff in the class action against CS Disco. The sixty-day deadline applies only to those shareholders seeking to be a lead plaintiff in the CS Disco class action lawsuit.