Settlement Announcement for Lightspeed Securities Class Action: Key Details for Investors
Overview of the Lightspeed Securities Class Action Settlement
In a significant development for investors, a class action lawsuit involving Lightspeed Commerce Inc., its executives, and PricewaterhouseCoopers LLP has reached a settlement point. This action was initiated following allegations that the defendants misrepresented material facts concerning the company's financial health in public documents and statements.
Background of the Case
The class action was formally launched in the Superior Court of Québec, asserting that Lightspeed and its affiliates provided misleading information to investors from March 7, 2019, to November 3, 2021. The plaintiffs are primarily individuals and entities that acquired securities during this period, which has been collectively termed as the