Core Viewpoint - Pomerantz LLP is investigating claims of potential securities fraud and unlawful business practices involving PowerSchool Holdings, Inc. following a critical report from Spruce Point Capital Management [1][3] Group 1: Investigation and Legal Actions - Pomerantz LLP is representing investors of PowerSchool and is looking into allegations of securities fraud and other unlawful practices by the company and its officers [1] - The investigation is prompted by a report from Spruce Point Capital Management, which raised concerns about PowerSchool's accounting practices and growth expectations [3] Group 2: Financial Impact - Following the release of the Spruce Point report, PowerSchool's stock price dropped by $1.94, or 9.83%, closing at $17.79 per share on April 17, 2024 [3] Group 3: Company Background - PowerSchool is identified as one of the largest K-12 software providers in North America, indicating its significant role in the education technology sector [3] - Pomerantz LLP has a long history in corporate and securities class litigation, having recovered billions in damages for victims of securities fraud [4]
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of PowerSchool Holdings, Inc. - PWSC