CXM INVESTOR ALERT: Robbins Geller Rudman & Dowd LLP Announces that Sprinklr, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit

Core Viewpoint - The Sprinklr class action lawsuit alleges that the company and its executives made misleading statements regarding its performance and growth prospects, leading to significant stock price declines during the class period [3][4][5]. Group 1: Class Action Lawsuit Details - The lawsuit is titled Boshart v. Sprinklr, Inc., and covers the period from March 29, 2023, to June 5, 2024, with a deadline of October 15, 2024, for investors to seek lead plaintiff status [1][2]. - Allegations include false statements about Sprinklr's challenges in scaling its Contact Center as a Service market and the impact on growth initiatives [3]. - On December 6, 2023, Sprinklr reported a decrease in customers spending over $1 million and reduced its fiscal 2025 growth outlook from 16% to 10%, resulting in a stock price drop of over 33% [4]. - On June 5, 2024, Sprinklr further cut its fiscal year 2025 growth projections to 7%, attributing this to reduced customer retention and macroeconomic headwinds, leading to an additional stock price decline of over 15% [5]. Group 2: Legal Process and Firm Background - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased Sprinklr securities during the class period to seek lead plaintiff status, representing the interests of the class [6]. - Robbins Geller Rudman & Dowd LLP is a leading law firm in securities fraud cases, having recovered $6.6 billion for investors in class action cases, and is recognized for securing significant monetary relief [7].