NEW YORK, Nov. 29, 2021 /PRNewswire/ -- The following statement is being issued by Levi & Korsinsky, LLP:
To: All persons and entities that acquired ON24, Inc. ("ON24" or the "Company") (NYSE: ONTF) shares pursuant and traceable to documents issued in connection with the Company's February 2, 2021, initial public offering.You are hereby notified that a securities class action lawsuit has been commenced in the United States District Court for the Northern District of California. To get more information go to:
or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500. There is no cost or obligation to you.
ON24, Inc. NEWS - ONTF NEWS
CASE DETAILS: According to the lawsuit, throughout the class period defendants made false and/or misleading statements and/or failed to disclose that: the surge in COVID-19 customers observed in the lead up to the Company's initial public offering consisted of a significant number that did not fit ON24's traditional customer profile, and, as a result, were significantly less likely to renew their contracts.
WHAT THIS MEANS TO SHAREHOLDERS: If you suffered a loss in ON24, you have until January 3, 2022 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you purchased ON24, Inc. shares pursuant and/or traceable to the Company's initial public offering, you may be entitled to compensation without payment of any out-of-pocket costs or fees.
WHY LEVI & KORSINSKY: Levi & Korsinsky have a proven track record of winning cases worth hundreds of millions of dollars for shareholders over a 20-year period. We represent and fight for shareholders who have been wronged by corporations.
Levi & Korsinsky is a nationally recognized firm with offices in New York, California, Connecticut, and Washington, D.C. The Firm's Founding Partners, Joseph Levi and Eduard Korsinsky, have been representing shareholders and institutional clients for almost 20 years and have achieved remarkable results for clients in the U.S. and internationally. The firm, with more than 80 employees, is committed to fostering, cultivating and preserving a culture of diversity, equity and inclusion for employees and those that we represent. Our attorneys have extensive expertise representing investors in securities litigation with a track record of recovering hundreds of millions of dollars in cases. Levi & Korsinsky was ranked in Institutional Shareholder Services' ("ISS") SCAS Top 50 Report for 7 years in a row as a top securities litigation firm in the United States. The SCAS Top 50 Report identifies the top plaintiffs' securities law firms in the country, and year after year, ISS has recognized Levi & Korsinsky as a leading firm in the area of securities class action litigation.
CONTACT: Levi & Korsinsky, LLP Joseph E. Levi, Esq. Ed Korsinsky, Esq. 55 Broadway, 10th Floor New York, NY 10006 [email protected] Tel: (212) 363-7500 Fax: (212) 363-7171 www.zlk.com