NEW YORK, Sept. 08, 2022 (GLOBE NEWSWIRE) — Attorney Advertising — Bronstein, Gewirtz & Grossman, LLC is notifying investors that a class action lawsuit has been filed against Latch, Inc. f/k/a TS Innovation Acquisitions Corp. (“Latch” or the “Company”) (NASDAQ: LTCH, LTCHW, TSIA, TSIAW, TSIAU) and certain of its officers on behalf of all individuals and entities that purchased or otherwise acquired Abbott securities between May 13, 2021 by August 25, 2022, both dates inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the company’s website: www.bgandg.com/ltch.

This class action seeks damages against the defendants for alleged violations of federal securities laws.

The Complaint alleges that during the Class Period, the Defendants made materially false and/or misleading statements and failed to disclose material adverse facts about the Company’s business, operations and prospects. Specifically, the defendants failed to disclose to investors that: (1) there were undisclosed hardware device sales agreements; (2) As a result, the Company had incorrectly recognized revenue throughout fiscal year 2021 and the first quarter of 2022; (3) there were material weaknesses in Latch’s internal control over financial reporting related to revenue recognition; (4) as a result of the foregoing, Latch would restate its financial statements for fiscal year 2021 and first quarter 2022; and (5) as a result of the foregoing, defendants’ positive statements about the Company’s business, operations and prospects were materially misleading and/or lacked any reasonable basis.

A class action lawsuit has already been filed. If you would like to see a copy of the complaint, you can visit the firm’s website: www.bgandg.com/ltch or you can contact Peretz Bronstein, Esq. or his Law Clerk and Client Relations Manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you took a loss in Latch, you have until October 31…