Investors Beware: Major Lawsuits Filed Against These 3 Top Tech Giants

NEW YORK, Sept. 14, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a highly respected shareholder rights law firm, has issued a critical warning to investors regarding the commencement of class actions on behalf of stockholders of GitLab Inc. (NASDAQ:GTLB), Agenus Inc. (NASDAQ:AGEN), and ZoomInfo Technologies Inc. (NASDAQ:ZI). This announcement serves as a crucial reminder to investors who may have suffered significant losses due to the alleged misconduct of these companies.

According to the complaint filed against GitLab Inc. (NASDAQ:GTLB), the class period is specified as June 6, 2023 - March 4, 2024, with a lead plaintiff deadline of November 4, 2024. The complaint states that defendants disseminated overly optimistic statements to investors while concealing material adverse facts concerning GitLab's ability to develop AI features that would generate code more efficiently and increase market demand for its DevSecOps platform.

On March 4, 2024, GitLab released a press statement announcing a strong Q1 in 2024, which was unexpectedly followed by the company lowering its full-year guidance for 2025. In the report, defendants revealed that the company needed additional time to build its pipeline and close deals on new products. Moreover, GitLab provided its first quarter 2025 and full year 2025 guidance, with anticipated growth rates ranging between 30 and 31% and 27%, respectively. However, this guidance fell short of investors' expectations, leading to a significant decline in stock value.

Investors who have suffered financial losses as a result of GitLab's allegedly false and misleading statements are urged to contact Bragar Eagel & Squire, P.C. immediately to explore their options. The law firm has an excellent track record of successfully resolving complex securities litigation cases and ensuring that investors receive the compensation they deserve.

In addition to the lawsuit against GitLab, class actions have also been initiated against Agenus Inc. (NASDAQ:AGEN) and ZoomInfo Technologies Inc. (NASDAQ:ZI). Investors in these companies who have experienced undue financial hardship are also advised to contact Bragar Eagel & Squire, P.C. as soon as possible to discuss their eligibility to participate in the class actions and potentially serve as lead plaintiff.

The lead plaintiff deadlines for Agenus Inc. and ZoomInfo Technologies Inc. have not been specified, but investors are encouraged to consult the Bragar Eagel & Squire, P.C. website for the latest information about each case. It is crucial for investors to act promptly to ensure their rights are protected and they participate in any potential settlement or resolution.

As a shareholder rights law firm, Bragar Eagel & Squire, P.C. is committed to representing the interests of investors who have been affected by corporate misconduct. With offices in New York and California, the firm has successfully handled a wide range of securities class action cases and recovered substantial damages for its clients. Investors can rest assured that Bragar Eagel & Squire, P.C. will aggressively pursue their claims and fight for justice.