NEW ORLEANS, Nov. 08, 2022 (GLOBE NEWSWIRE) — ClaimsFiler, a FREE shareholder information service, is reminding investors that they have until January 3, 2023 Lead Plaintiff motions to file in a securities class action lawsuit against Freshworks Inc. (NasdaqGS: FRSH) if they purchased or acquired the Company’s stock pursuant to and/or attributable to the Company’s September 2021 IPO (the “IPO”). This lawsuit is pending in the United States District Court for the Northern District of California.

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Freshworks investors should visit us at https://claimsfiler.com/cases/nasdaq-frsh-1/ or call toll free (844) 367-9658. Kahn Swick & Foti, LLC attorneys are available to discuss your legal options.

About the lawsuit

Freshworks and certain of its officers and others are alleged to have failed to disclose material information in its IPO registration statement and prospectus (collectively, the “Offering Documents”) in violation of federal securities laws.

The alleged false and misleading statements and omissions include, but are not limited to, the following: (i) at the time of the IPO, the Company had information showing that its revenue growth and accounts were slowing (ii) at the time of the IPO, the net Company’s dollar retention rate had stalled; and (iii) as a result of the foregoing, the Company’s offering materials were, at all relevant times, materially false and misleading.

The case is Sundaram v Freshworks Inc. et al., Case No. 3:22-cv-6750.

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