ON24 SHAREHOLDER ALERT by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Reminds Investors With Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against ON24, Inc. – ONTF – Lawyer Monthly

NEW ORLEANS– (BUSINESS WIRE) –Kahn Swick & Foti, LLC (“KSF”) and KSF affiliate, former Louisiana Attorney General Charles C. Foti, Jr., remind investors that they are up January 3, 2022 Lead plaintiffs filing a class action lawsuit against ON24, Inc. (NYSE: ONTF) for acquiring the company’s shares in connection with its February 2021 initial public offering (the “IPO”). This lawsuit is pending in the United States District Court for the Northern District of California.

What you can do

If you have acquired ON24 shares and would like to discuss your legal rights and the effects of this case on you and your right to reimbursement of your economic loss, you can contact KSF Managing Partner Lewis Kahn free of charge at 1-877-515-1850 or by email (lewis.kahn@ksfcounsel.com) or visit https://www.ksfcounsel.com/cases/nyse-ontf/ to learn more. If you want to be the lead plaintiff in this class action, you must file a motion with the court January 3, 2022.

About the lawsuit

ON24 and some of its executives are accused of failing to disclose material information in the company’s IPO registration statement and prospectus in violation of federal securities laws. In particular, the complaint alleges that the registration declaration and the prospectus did not disclose, among other things, that the increase in customers in the run-up to the IPO consisted of a significant number that, due to the COVID-19-related demand, was not in the traditional form of the Company matched customer profile and as a result, they renewed their contracts significantly less often, which led to increased churn.

On August 10, 2021, the company released its financial results for the 2nd [it] Signed in the second quarter of last year during the peak of COVID … mostly in the first-time renewal cohort, customers who signed one-year contracts last year and who wanted to be renewed. ”Because of this news, the company’s share price plummeted about 31%, which was good news to investors Did harm.

The case is Douvia v ON24, Inc., 21-cv-08578.

About Kahn Swick & Foti, LLC

KSF, partnered with former Louisiana Attorney General Charles C. Foti, Jr., is one of the leading boutique securities litigation firms in the country. KSF assists a wide range of clients – including public institutional investors, hedge funds, asset managers and private investors – in finding reclaims for investment losses resulting from corporate fraud or misconduct by listed companies. KSF has offices in New York, California, Louisiana and New Jersey.

To learn more about KSF, visit www.ksfcounsel.com.

contacts

Kahn Swick & Foti, LLC

Lewis Kahn, managing partner

lewis.kahn@ksfcounsel.com
1-877-515-1850

ON24 SHAREHOLDER ALERT by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Reminds Investors With Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against ON24, Inc. – ONTF