HONEST COMPANY SHAREHOLDER ALERT by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Reminds Investors With Losses Over $ 100,000 of Principal Plaintiff’s Deadline in Class Action Against The Honest Company, Inc. – HNST
NEW ORLEANS–(COMMERCIAL THREAD) – Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Louisiana Attorney General Charles C. Foti, Jr., remind investors they have up to November 15, 2021 file principal plaintiff claims in a securities class action lawsuit against The Honest Company, Inc. (NasdaqGS: HNST), if they purchased the shares of the company issued as part of its initial public offering of shares in May 2021 (the “IPO”). This action is pending in the United States District Court for the Central District of California.
What you can do
If you have purchased shares of Honest Company as above and wish to discuss your legal rights and how this matter may affect you as well as your right to recover your economic loss, you can, without obligation or expense to you, contact KSF Managing Partner Lewis Kahn. toll free at 1-877-515-1850 or by email ([email protected]), or visit https://www.ksfcounsel.com/cases/nasdaqgs-hnst/ to learn more. If you wish to act as the principal plaintiff in this class action, you must bring a petition to the Court by November 15, 2021.
About the trial
Honest Company and some of its officers are accused of failing to disclose material information in its registration statement and IPO prospectus, in violation of federal securities laws.
Alleged false and misleading statements and omissions include, without limitation, that: (i) the Company’s results have been significantly affected by a multi-million dollar inventory of COVID-19 for products in the Diapers category and wipes and Household and Welfare Category before the IPO; (ii) at the time of the IPO, the Company was experiencing a deceleration in demand for these products; (iii) as a consequence, the financial results of the Company would probably be adversely affected; and (iv) as a result of the foregoing, the Company’s statements were materially false and misleading at all material times.
The case is Dixon v. The Honest Company, Inc., et al., 21-cv-7405.
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s leading securities litigation law firms. KSF serves a variety of clients – including public institutional investors, hedge funds, fund managers and retail investors – in seeking recoveries for investment losses resulting from corporate fraud or embezzlement committed by listed companies. KSF has offices in New York, California, Louisiana, and New Jersey.
To learn more about KSF, you can visit www.ksfcounsel.com.