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Johnson Fistel has Commenced an Investigation on Behalf of LegalZoom (LZ) Shareholders
LegalZoom.comLegalZoom.com(US:LZ) GlobeNewswire News Roomยท2024-07-10 12:31

Core Viewpoint - Johnson Fistel, LLP is investigating potential violations of securities laws by LegalZoom.com, Inc. related to misrepresentation or failure to disclose adverse information to investors, particularly following a significant leadership change that impacted stock performance [1][5]. Group 1: Investigation Details - The investigation focuses on whether LegalZoom or its executives misrepresented material information to investors, leading to financial losses that may be recoverable under federal securities laws [1]. - LegalZoom announced a leadership change on July 9, 2024, with CEO Dan Wernikoff departing immediately, which resulted in a more than 25% decline in the company's stock during premarket trading on July 10, 2024 [5]. Group 2: Legal and Contact Information - Johnson Fistel, LLP is a recognized shareholder rights law firm that represents investors in derivative and securities class action lawsuits [6]. - Individuals with relevant nonpublic information are encouraged to assist in the investigation or consider the SEC Whistleblower program, which may offer rewards for original information leading to successful recoveries [3].