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(i) strong, rapid growth in revenues attributed to customer usage of CS Disco’s cloud-based electronic discovery platform was, in fact, attributable to just a handful of large customers; (ii) there were significant headwinds to growing CS Disco’s revenues; (iii) CS Disco lacked advance visibility into changes in demand from individual customers over time; and (iv) as a result of the foregoing, defendants’ positive statements and purported risk disclosures about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
In order to be included in the lawsuit, you must have incurred a loss on shares of CS Disco purchased during the class period listed above.
If you suffered a loss in CS Disco during the relevant time frame, you have until November 20, 2023 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.