NEW YORK, March 15, 2022 /PRNewswire/ —
WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of Everbridge, Inc. shareholders. EVBG resulting from allegations that Everbridge may have provided misleading business information to the investing public.
SO WHAT: If you have purchased Everbridge Securities, you may be entitled to compensation without payment of out-of-pocket fees or costs through a contingent fee arrangement. The Rosen law firm is preparing a class action lawsuit to recover investors’ losses.
WHAT TO DO NEXT: To join the potential class action, go to https://rosenlegal.com/submit-form/?case_id=3095 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for class action information.
WHAT DOES IT TALK ABOUT: At December 9, 2021Everbridge revealed that the December 6, 2021, David MeredithChairman and Chief Executive Officer of Everbridge and a member of the Company’s Board of Directors, has informed Everbridge of his intention to resign from his position at Everbridge effective January 30, 2022 and this on December 8, 2021Everbridge’s board of directors has accepted Mr. Meredith’s resignation.
At this news, Everbridge’s share price plummeted. $52.37 per share, i.e. 45%, to close at $63.00 per share on December 10, 2021.
At January 24, 2022asset management firm Baron Funds (“Baron”) released its Q4 2021 “Baron Discovery Fund” investor letter. Baron’s investor letter addressed the company’s decision to divest its Everbridge shares , noting, in relevant part, that “[s]Everbridge’s hares declined in the fourth quarter after the company announced the resignation of its CEO and headed for slower organic growth.”
At this news, Everbridge’s share price plummeted. $3.69 per share, or 7%, to close at $47.60 per share on January 25, 2022.
WHY THE ROSEN LAW: We encourage investors to select qualified lawyers with proven track records in leadership roles. Often, companies issuing reviews do not have comparable experience, resources, or significant peer recognition. Many of these companies do not bring securities class action lawsuits. Be wise in choosing lawyers. Rosen Law Firm represents investors worldwide, focusing its practice on securities class action and shareholder derivative litigation. Rosen Law Firm has reached the largest securities class action settlement against a Chinese company. Rosen Law Firm was ranked #1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. The firm has ranked in the top 4 every year since 2013 and has recovered hundreds of million dollars for investors. In 2019 alone, the company obtained more than $438 million for investors. In 2020, founding partner Laurence Rosen has been named by law360 as a Titan of the Plaintiffs Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
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Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, Pennsylvania
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
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