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OKTA.US
id: 227, Created by Stan Vick Chase, Scout
Okta Inc
How it works?
- We find Attorney for the Case
- Attorney files case on behalf of Investors
- You get updates and receive payout in case of success
Would it cost me anything?
- No, you do not pay anything out of your pocket neither to us, nor to Attorney
- Attorneys get % fee in case of success
- Platform charges service fee from Attorneys
What are the chances for success?
Every Case is unique, but statistically, 47% of Cases end up with a settlement.
Please see below recent successful cases:
How it works?
- We find Attorney for the Case
- Attorney files case on behalf of Investors
- You get updates and receive payout in case of success
Would it cost me anything?
- No, you do not pay anything out of your pocket neither to us, nor to Attorney
- Attorneys get % fee in case of success
- Platform charges service fee from Attorneys
What are the chances for success?
Every Case is unique, but statistically, 47% of Cases end up with a settlement.
Please see below recent successful cases:
Bloomberg reported that "Okta Inc., a maker of identity-verification software, agreed to buy smaller rival Auth0 for about $6.5 billion in stock, seeking to solidify its position in the growing market for digital authentication security services."
The Company's shares dropped about 11% in extended trading following the deal news.
On August 31, 2022, Okta released Q2 2022 earnings report and disclosed that it was having challenges integrating Auth0, the customer identity software company it acquired last spring.
Specifically, the Company mentioned that it has issues with integrating the Auth0 sales force, and said it was reducing hiring goals in the second half of the year to focus on profitability.
Given all the facts, there are suspicions about the effectiveness of management and the reliability of representations made by the Company to shareholders.
Alleged Offence
Mismanagement,
Malpractice,
Negligence,
Omissions
Suspected Party
Directors,
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
03 March 2021