INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Sonos, Inc. - SONO

Core Insights - Pomerantz LLP is investigating claims on behalf of investors of Sonos, Inc. regarding potential securities fraud or unlawful business practices [1] - Sonos faced significant issues with its redesigned app launched on May 7, 2024, leading to user complaints and a subsequent stock price decline [2] - The resignation of CEO Patrick Spence on January 13, 2025, also resulted in a decrease in Sonos's stock price [3] Group 1: App Issues and Stock Impact - The redesigned Sonos app launched on May 7, 2024, had major functionality problems, affecting users' ability to access music libraries and other essential features [2] - Following an internal review, Sonos acknowledged "missteps" and stated that no executive bonuses would be paid unless app quality improved, which led to a stock price drop of $0.48, or 3.91%, closing at $11.81 on October 1, 2024 [2] Group 2: Leadership Changes and Market Reaction - The resignation of CEO Patrick Spence on January 13, 2025, caused Sonos's stock price to fall by $0.29, or 2%, over the next two trading sessions, closing at $14.23 on January 14, 2025 [3]