The Law Offices of Vincent Wong announce that a lawsuit has been commenced in the USDC for the Central District of California on behalf of YogaWorks, Inc. (NASDAQ: YOGA) shareholders who purchased shares pursuant to the IPO commenced on or about August 10, 2017 and closed August 16, 2017.
The complaint alleges that Defendants violated their disclosure obligations because the Offering Materials materially misrepresented and failed to adequately disclose the truth concerning several known trends negatively impacting YogaWorks’ business at the time of the IPO, including, inter alia: (i) declining studio profitability; (ii) the impact of increased corporate overhead; (iii) declining financial metrics that would ultimately lead to a substantial impairment charge and (iv) the conditions that led the Defendants to postpone the initial offering.
If you suffered a loss in YogaWorks you have until February 25, 2019 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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