Credit: Nicole Pereira/NYSE DISCO, Executives Hit With Securities Class Action for Allegedly Misleading Investors Following IPO
DISCO, along with current CFO Michael Lafair and former CEO Kiwi Camara, were named in a class action lawsuit alleging violations of federal securities laws for misleading investors about the loss of key customers. This complaint was first surfaced by Law.com Radar.
September 20, 2023 at 06:25 PM
3 minute read
On Tuesday, e-discovery provider DISCO, along with its current CFO Michael Lafair and former CEO Kiwi Camara, were named in a class action lawsuit filed in the United States District Court for the Southern District of New York, alleging two counts of violating federal securities laws. The complaint alleges that DISCO, Lafair and Camara misled investors by making material, false statements indicating company growth and a positive financial position, when they knew that they had lost the business of key customers.
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