SHAREHOLDER ACTION REMINDER: Law Firm Schall Announces Class Action Filing Against ON24, Inc. and Encourages Investors With Losses Over $ 100,000 to Contact Firm | 2021-12-03 | Press Releases
Los Angeles, CA – (Newsfile Corp. – December 3, 2021) – Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against ON24, Inc. (âON24â or âthe Companyâ) (NYSE: ONTF) for violation of federal securities laws.
Investors who have purchased shares of the Company as part of and / or as part of the Company’s initial public offering made in February 2021 (the âIPOâ), are encouraged to contact the company before January 3. 2022.
If you are a shareholder who has suffered a loss, Click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at [email protected]
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by legal counsel. If you choose not to take any action, you can remain an absent member of the group.
According to the complaint, the company made false and misleading statements to the market. The rapid increase in the number of COVID-19 customers of ON24 before the IPO included a large population that did not fit the standard customer profile of the company. Customers were much less likely to renew their contracts, which had a significant impact on the Company’s business outlook. Based on these facts, the Company’s public statements were false and misleading throughout the Class Period. When the market learned the truth about ON24, investors suffered damage.
Join the case to recoup your losses.
Schall law firm represents investors around the world and specializes in securities class actions and shareholder rights litigation.
This press release may be considered an attorney’s advertisement in certain jurisdictions under applicable law and rules of professional conduct.
Schall Law Firm
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/106613