ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Samsara Inc. Investors to Inquire About Securities Class Action Investigation - IOT
2023-10-03 08:15:00
New York, New York - Newsfile Corp. - October 2, 2023 - WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Samsara Inc. (NYSE: IOT) resulting from allegations that Samsara may have issued materially misleading business information to the investing public.
SO WHAT: If you purchased Samsara securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.
WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=19245 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.
WHAT IS THIS ABOUT: On September 21, 2023, before the market opened, the investment firm Spruce Point Capital Management, LLC released a report entitled "The Accounting for Things" (the "Report"), which outlined why it believes the price of Samsara stock will decline. Among other things, the Report alleged that Samsara is overstating its gross and EBITDA margins, in addition to other accounting issues.
On this news, Samsara stock fell $1.67 per share, or 6.62%, to close at $23.55 on September 21, 2023.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
-------------------------------
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com
The issuer is solely responsible for the content of this announcement.
Media OutReach
- 13:20:00
- Amazon donates S$100,000 in cash to local NPOs, Delivering Smiles to children in Singapore
- 12:15:00
- ROSEN, NATIONAL TRIAL LAWYERS, Encourages Brainstorm Cell Therapeutics Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm - BCLI
- 12:00:00
- ROSEN, NATIONAL INVESTOR COUNSEL, Encourages DocGo Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - DCGO
- 11:45:00
- ROSEN, LEADING INVESTOR COUNSEL, Encourages Barclays PLC Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm - BCS, BCLYF
- 11:35:00
- ROSEN, GLOBAL INVESTOR COUNSEL, Encourages SunPower Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action - SPWR
- 11:25:00
- ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Paycom Software, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm - PAYC
- 20:00:00
- OnePlus Founder Shares Ten-Year Anniversary Open Letter on Community Forum
- 17:40:00
- Trend Micro Achieves AWS Built-In Competency to Simplify and Accelerate Cloud Success
- 16:20:00
- 2023 Most Innovative Solutions Award
- 15:30:00
- Tap & Go among first to participate in Hong Kong-Thailand cross-border retail payment service
- 14:00:00
- Appier's AI solution empowers Nexon, yielding remarkable results in attracting valuable game users
- 11:45:00
- Arrow Electronics Offers Engineering Support to Indian IoT Solutions Developers
- 11:30:00
- Livestreaming and Affiliate Commerce Hit New Heights on Shopee in 2023
- 11:05:00
- Liverpool FC's Exclusive Gift Collection for the Holiday Season
- 10:30:00
- INDUK KUD and SCash Global Launch Pioneering Digital Project for Indonesian Farmers and Fishermen
- 10:20:00
- The first-ever ‘GBA Creative Night’ commences on November 28
- 10:00:00
- Gleneagles Hospital Johor Hosts 2nd Edition of the All-Women Healthcare Symposium
- 08:45:00
- Greenbriar Announces USD $3 Million Convertible Debenture
