monday.com(US:MNDY) Globenewswire·2026-03-21 17:11Core 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 allegations include that monday.com misrepresented its revenue outlook and growth prospects, particularly regarding new customer growth and enterprise sales cycles [4]. - The lawsuit claims that on February 9, 2026, monday.com announced it would no longer discuss its 2027 targets, resulting in a nearly 21% drop in stock price [5]. Group 2: Lead Plaintiff Process - Investors who purchased monday.com common stock during the class period can seek to be appointed as lead plaintiff, representing the interests of the class [6]. - The lead plaintiff is typically the investor with the greatest financial interest in the case and can select a law firm to litigate on behalf of the class [6]. Group 3: About Robbins Geller - Robbins Geller Rudman & Dowd LLP is a leading law firm specializing in securities fraud and shareholder rights litigation, having recovered over $916 million for investors in 2025 alone [7]. - The firm has a strong track record, recovering a total of $8.4 billion for investors over the past five years, making it one of the largest plaintiffs' firms globally [7].