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RPD.US
id: 431, Created by Stan Vick Chase, Scout
Rapid7 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:
On November 2, 2022, Rapid7 (RPD) reported financial results and cut its revenue outlook as a planned transition in the responsibilities of its salesforce is taking longer than expected.
The Company slashed its 2022's revenue guidance to a range of $711-$717 million, down from a prior outlook set at between $740-$750 million.
On this news, RPD shares declined 22.73%, losing over $0.5 billion of its market capitalization.
CEO Corey Thomas told analysts, among other things, that the ongoing transition from fragmented sales teams focused on selling single products to a more unified salesforce is taking longer than expected.
Taking previous representations into account, investors have reason to suspect that the Leaders of Rapid7 provided information not in a prudent way, misleading the Company's shareholders.
Alleged Offence
Misleading Statements,
Financial Misrepresentation,
Failure to Disclose,
Negligence,
Omissions
Suspected Party
Directors,
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
02 November 2022