Edgio Lawsuit Loss Submission Form

The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Edgio, Inc. f/k/a Limelight Networks, Inc. (NasdaqGS: EGIO) who purchased securities between February 11, 2021 and March 12, 2023. The action, which was filed in the United States District Court for the District of Arizona, alleges that the Company violated federal securities laws.

In particular, the Edgio lawsuit alleges that (1) the sale of Open Edge equipment should be accounted as financing leases; (2) there were material weaknesses in the Company’s internal controls over financial reporting related to Open Edge transactions; (3) as a result, the Company’s revenue had been overstated in certain periods; and (4) 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.

Shareholders have until June 26, 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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