NEW YORK, May 25, 2022 (GLOBE NEWSWIRE) — Pomerantz LLP announces that a class action lawsuit has been filed against Okta, Inc. (“Okta” or the “Company”) OKTA and certain of its officers. The class action, filed in the United States District Court for the Northern District of California, and docketed under 22-cv-02990, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired otherwise Okta securities between March 5, 2021 and March 22, 2022, both dates inclusive (the “Class Period”), seeking to recover damages caused by Defendants’ violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.
If you are a shareholder who purchased or otherwise acquired Okta securities during the Class Period, you have until July 19, 2022 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at [email protected] or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
[Click here for information about joining the class action]
Okta provides identity solutions for enterprises, small and medium-sized businesses, universities, non-profits, and government agencies in the United States and internationally. The Company offers a variety of cybersecurity products and services. Following its completed merger with Auth0, Inc., a Delaware corporation (“Auth0”), on May 3, 2021, Okta began providing additional Auth0 products related to cybersecurity and login solutions.
The complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements…