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EXFY.US
id: 888
Expensify (EXFY) IPO Challenges Case
D. Oregon
Court3:23-cv-01784
Case number11/11/2021
Class period Start11/30/2023
Class period End01/29/2024
Lead Plaintiff motion deadline- Expensify's IPO documents supposedly gave a false picture of its growth and vulnerability to economic challenges.
- Subsequent events, like a Morgan Stanley downgrade and missed financial estimates, caused $EXFY drops.
It is claimed that the documents related to Expensify's IPO were negligently prepared and $EXFY overstated its revenue growth and downplayed risks.
After that, there were negative events, like a downgrade in June 2023 and disappointing financial results in August and November 2023, also causing $EXFY drop.
Investors have filed a complaint, suspecting that the Expensify's actions and the alleged misleading information have caused significant financial losses.
Case Status
Motion to dismiss
Alleged Offence
Mismanagement,
Misleading Statements,
Omissions
Suspected Party
Directors,
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
11/08/2023
Filing date
11/29/2023
Lead Plaintiff Deadline
01/29/2024
Judge
Jolie A Russo