Recent Security Class Actions

Latch Inc. Common Stock (NASDAQ: LTCH)

32 Days left to seek lead plaintiff status.

Company Name:Latch Inc. Common Stock
Stock Symbol:NASDAQ: LTCH
Class Period Start:05/13/2021
Class Period End (inclusive):08/25/2022
Filing Deadline:10/31/2022

The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, the Complaint alleges Defendants failed to disclose to investors: (1) that there were unreported sales arrangements related to hardware devices; (2) that, as a result, the Company had improperly recognized revenue throughout fiscal 2021 and first quarter 2022; (3) that there were material weaknesses in Latch’s internal control over financial reporting related to revenue recognition; (4) that, as a result of the foregoing, Latch would restate financial statements for fiscal 2021 and first quarter 2022; and (5) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Latch Inc. Common Stock (NASDAQ: LTCH) Claim Form

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