MINDBODY, Inc. (NASDAQ: MB)
According to the Complaint, MINDBODY is a provider of cloud-based business management software for the wellness services industry, e.g., salons and spas, and a rapidly growing marketplace for wellness services. The Company offers integrated software and payment platforms to assist wellness business owners run, market, and build their businesses, while engaging consumers by aggregating available classes and appointments, and enabling rapid discovery, booking and payment. The Company conducted its initial public offering in June 2015.
The Complaint alleges that during the Class Period, Defendants misstated and/or omitted material information concerning MINDBODY’s financial results.