Investors can contact the law firm at no cost to learn more about recovering their losses
LOS ANGELES, March 26, 2023 (GLOBE NEWSWIRE) — The Portnoy Law Firm advises LivePerson, Inc. (NASDAQ: LPSN) investors that the firm has initiated an investigation into possible securities fraud and may file a class action on behalf of investors. LivePerson investors who lost money on their investment are encouraged to contact Lesley Portnoy, Esq.
Investors are encouraged to contact an attorney Lesley F. Portnoyby phone 844-767-8529 or e-mail: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a free case evaluation and discuss investors’ options for pursuing claims to recover their losses.
LivePerson issued a press release on March 15, 2023, after the market closed, announcing its fourth-quarter 2022 financial results, which revealed a loss and a decline in revenue. Additionally, the press release disclosed that its subsidiary, WildHealth, had received notice that Medicare had suspended reimbursement for services rendered under the Medicare demonstration program, which provided certain non-core services reimbursed by Medicare. As a result, LivePerson took a reserve for revenue associated with services delivered under the Program in the fourth quarter of 2022 for which payments have not yet been collected due to the inherent uncertainty as to the timing and amount of further reimbursement. Following this news, LivePerson’s stock price dropped by $5.64 or 57.73%, closing at $4.13 per share on March 16, 2023, causing harm to investors.
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The Portnoy Law Firm represents investors in pursuing claims against causes caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA and NY Bar