NEW YORK, Sept. 02, 2022 (GLOBE NEWSWIRE) — Wolf Haldenstein Adler Freeman & Herz LLP announces that a class action lawsuit alleging federal securities acquisitions has been filed in the United States District Court for the Southern District of New York on behalf of individuals and entities who purchased or otherwise acquired Latch, Inc. f/k/a TS Innovation corp (“Latch” or the “Company”) (NASDAQ: LTCH, LTCHW) Securities between 13 May 2021 and 25 August 2022 inclusive (the “Class Period”).

All investors who own Latch, Inc. and any losses incurred are advised to contact the company immediately at [email protected] or (800) 575-0735 or (212) 545-4774. You can get additional information about the promotion or join the case on our website, www.whafh.com.

When you have suffered casualties Latch, Inc., You can, at the latest October 31, 2022, request that the court appoint you lead plaintiff in the proposed class. Please contact Wolf Haldenstein to learn more about your rights as an investor Latch, Inc.

PLEASE CLICK HERE TO JOIN THE EVENT

On August 25, 2022, after the market closed, Latch announced that it would restate its 2021 and first quarter 2022 financial statements due to revenue recognition errors related to hardware device sales. The company specifically announced this “Certain revenue recognition errors have occurred as a result of unreported sales agreements resulting from sales activities that were inconsistent with the Company’s internal controls and procedures.”

As a result of this news, Latch’s stock fell $0.13, or 12.2%, on unusually high trading volume to close at $0.95 per share on August 26, 2022.

The Complaint filed in this Class Action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements and failed to disclose material adverse facts about the Company’s business, operations and prospects. In particular, the accused…