An investigation on behalf of current long term investors in Atlassian Corporation (NASDAQ: TEAM) shares over possible breaches of fiduciary duty by certain officers and directors was announced.

San Diego, CA -- (SBWire) -- 05/17/2023 --An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of Atlassian Corporation.

Investors who are current long term investors in Atlassian Corporation (NASDAQ: TEAM) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NASDAQ: TEAM stocks follows a lawsuit filed against Atlassian Corporation over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: TEAM stocks, concerns whether certain Atlassian Corporation directors are liable in connection with the allegations made in that lawsuit.

The plaintiff alleges that, the Defendants misled investors and/or failed to disclose that macroeconomic factors were having a material adverse impact on Atlassian's business, that the slowing conversions from free to paid customers the Company was experiencing constituted a negative trend, that paid user growth also had slowed, and that as a result, Defendants' positive statements about the Company's financial guidance, business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Those who purchased shares of Atlassian Corporation (NASDAQ: TEAM) 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, 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.