NEW YORK, September 29, 2022 /PRNewswire/ — Levi & Korsinsky, LLP advises investors of Latch, Inc. f/k/a TS Innovation Acquisitions Corp. (“Latch” or the “Company”) (NASDAQ: LTCH) a securities class action lawsuit.
CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Latch investors who were harmed by an alleged securities fraud between May 13, 2021 and August 25, 2022. Follow the link below for more information and to be contacted by a member of our team:
LTCH investors can also contact Joseph E. Levi, Esq. by e-mail to [email protected] or by phone at (212) 363-7500.
CASE DETAILS: The filed complaint alleges that defendants misrepresented and/or concealed that: (1) there were undisclosed sales agreements related to hardware devices; (2) as a result, the Company incorrectly recognized revenue throughout fiscal 2021 and the first quarter of 2022; (3) there were material weaknesses in Latch’s internal control over financial reporting related to revenue recognition; (4) as a result of the foregoing, Latch would restate the financial statements for fiscal 2021 and the first quarter of 2022; and (5) as a result of the foregoing, defendants’ positive statements regarding the Company’s business, operations and prospects were materially misleading and/or lacked reasonable basis.
AND AFTER? If you have suffered a loss in Latch during the relevant period, you have until October 31, 2022 ask the court to appoint you as the main plaintiff. Your ability to participate in any collection does not require you to serve as the lead plaintiff.
AT NO CHARGE TO YOU: If you are a class member, you may be entitled to compensation without payment of disbursements or fees. There is no cost or obligation to participate.
WHY LEVI AND KORSINSKY: Over the past 20 years, the Levi & Korsinsky team has secured hundreds of millions of dollars for aggrieved shareholders and built a track record winning high-stakes cases. Our firm has extensive expertise in representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven consecutive years, Levi & Korsinsky has been ranked in the ISS Securities Class Action Services Top 50 report as one of the top securities litigation firms in United States.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171
SOURCE Levi & Korsinsky, LLP