LOS ANGELES–(BUSINESS WIRE)–Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Accolade, Inc. (“Accolade” or “the Company”) (NASDAQ: ACCD) for violating securities laws.
The investigation aims to determine whether the Company has made false and/or misleading statements and/or has failed to disclose relevant information to investors. Accolade released its quarterly financial results on April 28, 2022. As part of its release, the company admitted that “a large customer has informed us that they will be terminating their service relationship with us following the end of the calendar year 2022”. The company revealed on its earnings call that the main customer was Comcast, one of its oldest customers. The company also reported strong losses for the quarter, missing analysts’ estimates. Based on this news, shares of Accolade fell nearly 50% on April 29, 2022.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to do nothing, you can remain an absent member of the group.
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Brian Schall, Esq.