Case Background:
This is a federal securities fraud class action lawsuit on behalf of those who purchased or otherwise acquired Cognyte Software Ltd. ("Cognyte") (NASDAQ: CGNT) common stock between February 2, 2021 and June 28, 2022, inclusive (the “Class Period”).
The complaint alleges that, throughout the Class Period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) Cognyte created, distributed, and provided reconnaissance tools and services that violated community standards and terms of service of communication network sources and technologies such as Facebook; (2) which exposed Cognyte to significant financial and reputational risk; and (3) as a result of the foregoing, Defendants’ statements about the company’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
Current Status of Case:
On September 30, 2024, the Court granted Defendants' Motion to Dismiss. This action has concluded.
If you wish to discuss this action or have any questions, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; toll-free at (844) 887-9500; or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.