SAN DIEGO, Oct. 14, 2022 (GLOBE NEWSWIRE) — Shareholder Rights Law Firm Johnson Fistula, LLP announces that a class action lawsuit has been filed on behalf of investors of Latch, Inc. f/k/a TS Innovation Acquisitions Corp. (“Latch” or the “Company”) (NASDAQ: LTCH, LTCHW). The class action is being brought on behalf of stockholders who have since purchased or otherwise acquired securities of Latch May 13, 2021 and August 25, 2022. Investors are hereby reminded that they have until October 31, 2022 persuade the court to appear as lead plaintiff in this lawsuit.

What actions can I take at this time? If you have suffered a loss and would like to learn more about being a lead plaintiff, please contact Jim Baker ([email protected]) by email or phone at 619-814-4471. When emailing, please include your phone number.

To participate in this promotion you can click on the following link or copy and paste it into a browser:

https://www.cognitoforms.com/JohnsonFistel/LatchIncFkaTSInnovationAcquisitionsCorp

There are no costs or obligations for you.

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. Specifically, the defendants failed to disclose to investors: (1) that 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) that there were material weaknesses in Latch’s internal control over financial reporting related to revenue recognition; (4) that as a result of the foregoing, Latch would restate its financial statements for fiscal year 2021 and the first quarter of 2022; and (5) that 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 lead plaintiff…