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MONGODB SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against MongoDB, Inc. – MDB
MDBMongoDB(MDB) GlobeNewswire News Room·2024-07-25 02:21

Core Points - A securities class action lawsuit has been filed against MongoDB, Inc. for failing to disclose material information during the Class Period, which is a violation of federal securities laws [3][6] - Investors have until September 9, 2024, to file lead plaintiff applications in this lawsuit, which is pending in the United States District Court for the Southern District of New York [1][7] - Following the announcement of reduced growth expectations and a cut in fiscal year 2025 growth projections, MongoDB's share price dropped nearly 24%, from 310.00onMay30,2024,to310.00 on May 30, 2024, to 236.06 on May 31, 2024 [4][6] Company Information - The lawsuit is titled Baxter v. MongoDB, Inc., et al., 24-cv-05191 [7] - ClaimsFiler is a service that assists retail investors in recovering funds from securities class action settlements, providing resources for filing claims and legal evaluations [8]