The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Cognyte Software Ltd. (NASDAQ: CGNT) who purchased common stock between February 2, 2021 and June 28, 2022. The action, which was filed in the United States District Court for the Southern District of New York, alleges that the Company violated federal securities laws.
1) Cognyte created, distributed, and provided reconnaissance tools and services that violated community standards and terms of service of communication network sources and technologies such as Facebook; and 2) the foregoing exposed the Company to significant financial and reputational risk.
Shareholders have until May 1, 2023 to petition the court for lead plaintiff status. Your ability to share in any recovery does not require that you serve as lead plaintiff. You may choose to be an absent class member.
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