RADNOR, Pa., May 14, 2022 (GLOBE NEWSWIRE) — The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed in the United States District Court for the Southern District of New York against Riskified Ltd. (“Riskified”) RSKD. The action charges Riskified with violations of the federal securities laws, including omissions and fraudulent misrepresentations relating to the company’s business, operations, and prospects. As a result of Riskified’s materially misleading statements and omissions to the public, Riskified investors have suffered significant losses.
CLICK HERE TO SUBMIT YOUR RISKIFIED LOSSES. YOU CAN ALSO CLICK ON THE FOLLOWING LINK OR COPY AND PASTE IN YOUR BROWSER: https://www.ktmc.com/new-cases/riskified-ltd?utm_campaign=rskd&mktm=r&utm_source=PR&utm_medium=link
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LEAD PLAINTIFF DEADLINE: JULY 1, 2022
CLASS PERIOD: JULY 29, 2021 through MAY 2, 2022
CONTACT AN ATTORNEY TO DISCUSS YOUR RIGHTS:
James Maro, Esq. (484) 270-1453 or Toll Free (844) 887-9500 or Email at [email protected]
Kessler Topaz is one of the world’s foremost advocates in protecting the public against corporate fraud and other wrongdoing. Our securities fraud litigators are regularly recognized as leaders in the field individually and our firm is both feared and respected among the defense bar and the insurance bar. We are proud to have recovered billions of dollars for our clients and the classes of shareholders we represent.
RISKIFIED’S ALLEGED MISCONDUCT
On July 29, 2021, Riskified conducted its IPO, selling 20.125 million Class A ordinary shares at $21 per share, and generating over $422 million in gross proceeds. Included in these sales are those of Defendant Assaf Feldman, Riskified’s co-founder, Chief Technology Officer and a director at the time of the IPO, who sold 200,000 shares and generated $4.2 million in gross proceeds for himself.
On September 9, 2021, during a…