NEW YORK, Oct. 04, 2022 (GLOBE NEWSWIRE) — Attorney Advertising — Bronstein, Gewirtz & Grossman, LLC is notifying investors that a class action lawsuit has been filed against Olo Inc. (“Olo” or the “Company”) OLO and certain of its officers on behalf of all persons and entities that purchased or otherwise acquired Class A Olo common stock between August 11, 2021 and August 11, 2022 inclusive (the “Collection Period”). Such investors are encouraged to join this case by visiting the company’s website: www.bgandg.com/olo.

This class action seeks damages against the defendants for alleged violations of federal securities laws.

The lawsuit alleges that the defendants made false and/or misleading statements and/or failed to disclose the following: (1) Subway terminated its contract with Olo; (2) Olo’s key business metric – active locations – failed to continue growing due to the loss of Subway’s business, the defendants alleged; and (3) that as a result of the foregoing, defendants’ statements about Olo’s business, operations and prospects were false, misleading and/or lacked any reasonable basis.

A class action lawsuit has already been filed. If you would like to see a copy of the complaint, you can visit the firm’s website: www.bgandg.com/olo or you can contact Peretz Bronstein, Esq. or his Law Clerk and Client Relations Manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in Olo, you have until November 28, 2022 to apply for the court to appoint you lead plaintiff. Your ability to participate in a recovery does not require you to serve as lead plaintiff.

Bronstein, Gewirtz & Grossman, LLC represents investors in class action lawsuits alleging securities fraud and shareholder derivative lawsuits. The company has recovered hundreds of millions of dollars for investors nationwide. attorney advertising. Previous results do not guarantee similar results.

Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
212-697-6484 |