LegalZoom.com, Inc. (LZ) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Investors to Seek Compensation for Alleged Wrongdoings

Company Overview - LegalZoom, Inc. has reduced its revenue expectation for the full year to a range of $675 million to $685 million and its free cash flow expectation to a range of $75 million to $85 million [3] Leadership Changes - The current Chief Executive Officer, Dan Wernikoff, will be departing the Company and resigning from the Board [3] Market Reaction - Following the announcements, multiple analysts downgraded LegalZoom, resulting in a stock price decline of $1.99 per share, or 25.35%, closing at $5.86 on July 10, 2024 [3]