A lawsuit was filed on behalf of investors in TaskUs, Inc. (NASDAQ:TASK) shares over alleged securities laws violations.

San Diego, CA -- (SBWire) -- 03/08/2022 --An investor, who purchased shares of TaskUs, Inc. (NASDAQ: TASK), filed a lawsuit over alleged violations of Federal Securities Laws by TaskUs, Inc.

Investors who purchased shares of TaskUs, Inc. (NASDAQ: TASK) have certain options and for certain investors are short and strict deadlines running. Deadline: April 25, 2022. NASDAQ: TASK investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

On January 20, 2022, Spruce Point Capital Management, LLC published a short-seller report on TaskUs. In the report, Spruce Point states, "After conducting a forensic financial and accounting review, Spruce Point believes shares of TaskUs, Inc. (Nasdaq: TASK), a highly promoted business process outsourcing (BPO) firm to digital and emerging technology companies, has a pattern of exaggerated and inflated business claims, including revenue, and is covering-up financial strain with reduced disclosures, cherry-picked market data, and non-standard key performance metrics." trade at material valuation discounts as a result of being under-covered in the BPO

Shares of TaskUs, Inc. (NASDAQ: TASK) declined from $56.00 per share on December 31, 2021, to as low as $26.07 per share on January 24, 2022.

The plaintiff claims that between June 11, 2021 and January 19, 2022, the defendants claimed that TaskUs had "industry-leading growth and profitability" and a "simply massive" market opportunity, and that the Defendants touted the size of the Company's workforce and "low employee attrition levels" which "leads to lower hiring and training costs."

Those who purchased shares of TaskUs, Inc. (NASDAQ: TASK) 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 Shareholders Foundation, Inc.
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.