On July 9, 2024, LegalZoom disclosed that its CEO would be departing, “effective immediately,” after the company had “decided that now is the right time for this transition.” Additionally, LegalZoom disclosed in a press release that the company significantly lowered its full year revenue guidance.
On this news, LegalZoom’s stock price fell over 25%, to close at $5.86 per share on July 10, 2024.
If you have any questions or would like to discuss this investigation, please contact Kessler Topaz Meltzer & Check, LLP: Jonathan Naji, Esq. (484) 270-1453 or via e-mail at info@ktmc.com.