NEW ORLEANS, Nov. 15, 2022 (GLOBE NEWSWIRE) — Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Louisiana Attorney General Charles C. Foti, Jr., remind investors that they still have time 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.

What you can do

As above, if you have purchased or acquired Freshworks stock and would like to discuss your legal rights and how this case may affect you and your right to compensation for your economic loss, you may contact KSF Managing Partner Lewis at no obligation or cost to you Contact Kahn toll-free at 1-877-515-1850 or email ([email protected]) or visit us to learn more. If you wish to be a lead plaintiff in this class action lawsuit, you must petition the court January 3, 2023.

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.

About Kahn Swick & Foti, LLC

KSF, which partners with former Louisiana Attorney General…

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