The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the United States District Court for the Northern District of California on behalf of: i) all persons or entities who purchased or otherwise acquired securities of ContextLogic, Inc. (“ContextLogic”) (NASDAQ: WISH) and/or sold put options of ContextLogic during the period from December 16, 2020 to May 12, 2021, inclusive; and/or (ii) all persons who purchased ContextLogic securities pursuant and/or traceable to the Company’s initial public offering conducted on or about December 16, 2020.
According to the Contextlogic lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: the strength of ContextLogic’s business operations and financial prospects by overstating its then-present monthly active users (“MAUs”) and MAU growth trends.
If you suffered a loss in Contextlogic you have until July 16, 2021 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
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