LOS ANGELES, CA / ACCESSWIRE / January 31, 2022 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Everbridge, Inc. ("Everbridge" or "the Company") (NASDAQ:EVBG) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Everbridge disclosed on December 9, 2021, that on December 6, 2021, CEO David Meredith informed the Company that he would resign effective January 30, 2022, a resignation accepted by the Company on December 8, 2021. On this news, shares of Everbridge dropped by more than 45%. Then, on January 24, 2022, Baron Funds published its "Baron Discovery Fund" investor letter for the fourth quarter. The letter indicates Baron Funds was selling its shares in Everbridge, noting: "Shares of Everbridge declined in the fourth quarter after the company announced the resignation of its CEO and guided for a slowdown in organic growth." Based on this news, shares of Everbridge fell by more than 7%.
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We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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CONTACT:
The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
[email protected]
SOURCE: The Schall Law Firm