San Diego, CA -- (SBWire) -- 05/31/2022 --A current long-term investor in shares of DocuSign, Inc. (NASDAQ: DOCU) filed a lawsuit against certain directors of DocuSign, Inc over alleged breaches of fiduciary duties.
Investors who are current long term investors in DocuSign, Inc. (NASDAQ: DOCU) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The plaintiff alleges that the CEO and certain directors of DocuSign, Inc mislead investors with predictions of long-term demand for DocuSign's software after pandemic restrictions dissipated, culminating in a stock drop after disappointing December financial results.
The lawsuit against directors of DocuSign, Inc over alleged breaches of fiduciary duties follows a lawsuit that was filed against DocuSign, Inc over alleged securities laws violations. According to that complaint the plaintiff alleges that, the defendants made false and/or misleading statements and/or failed to disclose that the impact of the Covid-19 pandemic on DocuSign's business was positive, not negative, that DocuSign misrepresented the role that the Covid-19 pandemic had on its growth, that DocuSign downplayed the impact that a "return to normal" would have on the Company's growth and business, and that as a result, defendants' public statements were materially false and/or misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages
Those who purchased shares of DocuSign, Inc. (NASDAQ: DOCU) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
NASDAQ:DOCU Long Term Investor Notice: Lawsuit Filed Against Directors of DocuSign, Inc.
A lawsuit was filed by a current long term investor in DocuSign, Inc. (NASDAQ:DOCU) shares over alleged breaches of fiduciary duty by certain directors.