monday.com(US:MNDY) Globenewswire·2026-03-13 15:50Core Viewpoint - The monday.com class action lawsuit alleges that the company and its executives made misleading statements regarding the company's financial outlook and growth potential, leading to significant stock price declines [1][4][5]. Group 1: Lawsuit Details - The lawsuit, titled Potter v. monday.com Ltd., seeks to represent purchasers of monday.com common stock and accuses the company of violating the Securities Exchange Act of 1934 [1]. - The class action claims that defendants created a false impression of reliable revenue projections and growth, despite signs of decelerating customer growth and longer sales cycles [4]. - On February 9, 2026, monday.com announced a shift in focus from its 2027 targets to its 2026 outlook, resulting in a nearly 21% drop in stock price [5]. Group 2: Lead Plaintiff Process - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased monday.com stock during the Class Period to seek appointment as lead plaintiff [6]. - The lead plaintiff represents the interests of all class members and can select a law firm to litigate the case [6]. Group 3: Company Background - monday.com develops software applications and has been focusing on AI-driven investments and enterprise adoption [3][4]. - The company had set a revenue target of $1.8 billion for 2027, which is now considered increasingly unlikely to be met due to the issues raised in the lawsuit [4].