Investigation
LegalZoom.com, Inc. (LZ)
Whether directors and officers of LegalZoom.com, Inc. (LZ) breached their fiduciary duties to the company and its shareholders.
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Investigation
06/03/2021
Initial Lawsuit
06/03/2021
Lawsuit Progression
03/21/2022
This is a federal securities action on behalf of a class consisting of all persons who purchased or otherwise acquired Frequency’s common stock between November 16, 2020, and March 22, 2021, inclusive.
According to the complaint, 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, defendants allegedly failed to disclose to investors that:
(i) deceive the investing public, including Plaintiff and other Class members, as alleged herein;
(ii) artificially inflate and maintain the market price of Frequency’s common stock;
(iii) cause Plaintiff and other members of the Class to purchase or otherwise acquire Frequency’s common stock at artificially inflated prices.
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Confidential investigation: officers & directors’ potential breach of fiduciary duties to investors.