monday.com(US:MNDY) Globenewswire·2026-03-30 12:12Core 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]. Company Overview - monday.com Ltd. develops software applications and is publicly traded on NASDAQ under the ticker MNDY [3]. Allegations - The lawsuit claims that defendants created a false impression of reliable revenue projections and growth, despite signs of decelerating customer growth and longer sales cycles, making the $1.8 billion revenue target for 2027 increasingly unlikely to be achieved [4]. - It is alleged that 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]. Legal Process - The Private Securities Litigation Reform Act of 1995 allows investors who purchased monday.com stock during the class period to seek appointment as lead plaintiff, representing the interests of the class [6]. Law Firm Background - Robbins Geller Rudman & Dowd LLP is a leading law firm in securities fraud litigation, having recovered over $916 million for investors in 2025 and a total of $8.4 billion over the past five years [7].