Sign In
Step 1
Unite with Fellow Investors
Step 2
Choose the Best Attorney
Step 3
Provide Documents
Step 4
Follow Case Progress
Step 5
Get Payout
LPSN.US
id: 624

LivePerson (LPSN) Investors Case

E.D. New York
Court
10 May 2022
Class period Start
16 Mar 2023
Class period End
23 Jun 2023
Lead Plaintiff motion deadline
  • LivePerson disclosed that WildHealth, the Company's subsidiary, received a notice that Medicare was suspending reimbursements for services.
  • $LPSN price declined 57.72%, damaging investors.
  • Investors suspect LivePerson, its Leaders & Service Providers of negligence or failure to properly disclose material information.
On March 15, 2023, LivePerson (LPSN) disclosed that WildHealth, the Company's subsidiary, received a notice that Medicare was suspending reimbursements for services rendered under the Medicare demonstration program pending further review.
  • As a result, LivePerson elected to take a reserve for revenue associated with such services in the Q4 of 2022 for which payment has not yet been collected.
  • LivePerson further disclosed that had the Company recognized revenues associated with services delivered under the program during the fourth quarter of fiscal 2022, its revenue would have been within the previous guidance ranges for the fourth quarter and full year.
On this news, the $LPSN price declined 57.72%, damaging investors.

Taking all facts into account, Investors may have reasons to suspect LivePerson, its Leaders & Service Providers of negligence or failure to properly disclose material information.
Alleged Offence
Mismanagement
Misleading Statements
Failure to Disclose
Malpractice
Negligence
Omissions
Suspected Party
Directors
Management
Service Provider
Security Type
Stocks
Trade Direction
Long
Shock Event Date
15 March 2023
Lead Plaintiff Deadline
23 June 2023
Collecting participants…

LivePerson Inc

LivePerson, Inc. engages in conversational artificial intelligence. It operates in two segments, Business and Consumer. The Business segment enables brands to leverage the Conversational Cloud's in...

    Ticker
    LPSN.US
    ISIN
    US5381461012
    CIK
    1102993
    Sector
    Technology
    Industry
    Software - Application
    Country
    USA
    Address
    530 7th Avenue, New York, NY, United States, 10018