Levi & Korsinsky Reminds Shareholders of a Lead Plaintiff Deadline of July 12, 2024 in Sprout Social, Inc. Lawsuit – SPT

Core Viewpoint - A class action securities lawsuit has been filed against Sprout Social, Inc. for alleged securities fraud affecting investors between November 3, 2021, and May 2, 2024 [1][2]. Group 1: Allegations and Company Performance - The lawsuit claims that the company's sales and revenue growth did not accurately reflect its transition to an enterprise sales cycle [2]. - It is alleged that the company faced integration challenges with its acquisition of Tagger, impacting its performance [2]. - The complaint states that these issues led to "self-inducing sales headwinds," resulting in a revision of the fiscal year 2024 revenue guidance [2]. - Positive statements made by the defendants regarding the company's business and prospects were deemed materially misleading [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the specified timeframe have until July 12, 2024, to request to be appointed as lead plaintiff [3]. - Participation in the lawsuit does not require serving as a lead plaintiff, and there are no out-of-pocket costs for class members [3]. Group 3: Law Firm Background - Levi & Korsinsky, LLP has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the U.S. [4].