ACCESSWIRE
07 Feb 2023, 02:55 GMT+10
NEW YORK, NY / ACCESSWIRE / February 6, 2023 / Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Atlassian Corporation ('Atlassian' or the 'Company') (NASDAQ:TEAM) and certain of its officers, on behalf of all persons and entities that purchased or otherwise acquired Atlassian securities between August 5, 2022 and November 3, 2022, both dates inclusive (the 'Class Period'). Such investors are encouraged to join this case by visiting the firm's site: www.bgandg.com/team.
This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws.
According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) macroeconomic factors were having a material adverse impact on Atlassian's business; (2) the slowing conversions from free to paid customers the Company was experiencing constituted a negative trend; (3) paid user growth also had slowed; and (4) as a result, defendants' positive statements about the Company's financial guidance, business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm's site: www.bgandg.com/team or you may contact Peretz Bronstein, Esq. or his Law Clerk and Client Relations Manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in Atlassian, you have until April 4, 2023 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
Bronstein, Gewirtz & Grossman, LLC represents investors in securities fraud class actions and shareholder derivative suits. The firm has recovered hundreds of millions of dollars for investors nationwide. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
212-697-6484 | info@bgandg.com
SOURCE: Bronstein, Gewirtz & Grossman, LLC
Get a daily dose of San Francisco Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to San Francisco Star.
More Information(Photo credit: Rob Gray-USA TODAY Sports) On a three-game winning streak to match their longest of the brief James Harden ...
Geneva [Switzerland], December 11 (ANI): Pashtun Tahaffuz Movement (PTM) member Fazal-ur-Rehman Afridi lambasted the Pakistani military establishment for trying to ...
(Photo credit: Daniel Dunn-USA TODAY Sports) The NBA season's halfway point is still about a month away, but Milwaukee Bucks ...
(Photo credit: Yannick Peterhans-USA TODAY Sports) Russell Wilson threw for 224 yards and two touchdowns Sunday and the Denver Broncos' ...
(Photo credit: Ron Chenoy-USA TODAY Sports) Having completed the first six weeks of the season without a win on the ...
(Photo credit: Darren Yamashita-USA TODAY Sports) Deebo Samuel made a 54-yard touchdown reception and also rushed for a score as ...
WASHINGTON, DC - Within hours of blocking a UN Security Council resolution from demanding a ceasefire in the current Mideast ...
WASHINGTON D.C.: In a sign of the challenges ahead for his 2024 re-election bid, a new Reuters/Ipsos poll showed that ...
Israel has acknowledged and thanked the United States and President Joe Biden for standing firmly by Israel's side at the ...
NEW YORK: This week, New York City officials said that one person was killed and six others were injured when ...
NEW YORK, New York - The United Kingdom refrained from supporting demands for a ceasefire in the two-months long Israel-Gaza ...
NEW YORK, New York - The U.S. was alone on Friday in a 13-1 vote for a ceasefire in the ...