The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Everbridge, Inc. (NASDAQ: EVBG) who purchased common stock between November 4, 2019 and February 24, 2022. The action, which was filed in the United States District Court for the Central District of California, alleges that the Company violated federal securities laws.
In particular, the Everbridge lawsuit alleges that (1) Everbridge was experiencing integration problems with respect to several of its recent acquisitions; (2) the Company was using the revenues from these acquisitions to mask increasingly stagnant organic growth; and (3) the COVID pandemic was having a material impact on the size of the deals that Everbridge was able to obtain, negatively affecting the Company’s revenue growth.
Shareholders have until June 3, 2022 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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