EVBG EQUITY ALERT: ROSEN, A TOP LEGAL LAW FIRM, Encourages Everbridge, Inc. Investors Suffering Losses to Learn About Securities Class Action Investigation – EVBG

NEW YORK–(BUSINESS WIRE)–WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation into potential securities claims on behalf of shareholders of Everbridge, Inc. (NASDAQ: EVBG) arising from allegations that Everbridge could have provided misleading business information to the investing public.

SO WHAT: If you have purchased Everbridge Securities, you may be entitled to compensation without payment of out-of-pocket fees or costs through a contingent fee arrangement. The law firm Rosen is preparing a class action lawsuit seeking to recover the losses of the investors.

WHAT TO DO NEXT: To join the potential class action, go to http://www.rosenlegal.com/cases-register-2244.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for class action information.

WHAT DOES IT TALK ABOUT: On December 9, 2021, Everbridge disclosed that on December 6, 2021, David Meredith, CEO of Everbridge and a member of the Company’s Board of Directors, informed the Company of his intention to resign from his position at Everbridge effective December 30, 2021. January 2022. and that on December 8, 2021, the Everbridge Board of Directors accepted the resignation of Mr. Meredith.

On this news, Everbridge’s stock price fell $52.37 per share, or 45.39%, to close at $63.00 per share on December 10, 2021.

On January 24, 2022, asset management firm Baron Funds (“Baron”) released its fourth quarter 2021 “Baron Discovery Fund” investor letter. Baron’s investor letter discussed the company’s decision to to dispose of its Everbridge shares, noting, in relevant part, that “[s]Everbridge’s hares declined in the fourth quarter after the company announced the resignation of its CEO and headed for slower organic growth.

On this news, Everbridge’s stock price fell $3.69 per share, or 7.19%, to close at $47.60 per share on January 25, 2022.

WHY THE ROSEN LAW: We encourage investors to select qualified attorneys with proven track records in leadership roles. Often, companies issuing reviews do not have comparable experience, resources, or significant peer recognition. Many of these companies do not bring securities class action lawsuits. Be wise in choosing lawyers. Rosen Law Firm represents investors worldwide, focusing its practice on securities class action and shareholder derivative litigation. Rosen Law Firm has reached the largest securities class action settlement against a Chinese company. Rosen Law Firm was ranked #1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. The firm has ranked in the top 4 every year since 2013 and has recovered hundreds of million dollars for investors. In 2019 alone, the company secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

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