Core Viewpoint - A securities fraud class action lawsuit has been filed against monday.com Ltd (NASDAQ: MNDY) for allegedly making materially false and misleading statements regarding its business operations and growth prospects during the class period from September 17, 2025, to February 6, 2026 [2][4]. Group 1: Lawsuit Details - The lawsuit is filed in the United States District Court for the Southern District of New York, captioned Potter v. monday.com Ltd., Case No. 26-cv-01956 (S.D.N.Y.) [2]. - Investors have until May 11, 2026, to file for lead plaintiff status [2][6]. - The complaint alleges that the company misrepresented new customer growth and the effectiveness of its AI investments, leading to materially false statements about its business prospects [4]. Group 2: Financial Impact - On February 9, 2026, monday.com announced it was rescinding its $1.8 billion revenue target for 2027 and projected a significant deceleration in top-line growth for 2026, resulting in a stock price drop of $20.37, or 20.8%, closing at $77.63 per share [5]. Group 3: Investor Actions - Investors who purchased monday.com common stock and lost money are encouraged to contact Kessler Topaz Meltzer & Check, LLP for recovery options [3][6]. - The lead plaintiff process allows investors to seek representation in the lawsuit, with the deadline set for May 11, 2026 [6][7].