Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $50,000 Investing In YogaWorks, Inc. To Contact The Firm
Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in YogaWorks, Inc. ("YogaWorks" or the "Company")(NASDAQ:YOGA) of the February 25, 2019 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
If you invested in YogaWorks stock or options pursuant and/or traceable to the Company's August 10, 2017 initial public offering ("IPO") and would like to discuss your legal rights, click here: www.faruqilaw.com/YOGA. There is no cost or obligation to you.
You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by filing out the form below.
The lawsuit has been filed in the U.S. District Court for the Central District of California on behalf of all those who purchased YogaWorks securities pursuant and/or traceable to the Company's August 10, 2017 IPO. The case, Craig Cohen v. YogaWorks, Inc. et al., No. 18-cv-10696 was filed on December 27, 2018, and has been assigned to Judge Cormac J. Carney.
The lawsuit focuses on whether the Company and its executives violated federal securities laws by failing to adequately disclose: (1) declining studio profitability; (2) the impact of increased corporate overhead; (3) declining financial metrics that would ultimately lead to a substantial impairment charge; and (4) the conditions that led to the Defendants to postpone the initial offering.
Since YogaWorks's IPO, the Company's share price has declined from its IPO price of $5.50 by approximately 92%.
YogaWorks, Inc. (YOGA)
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Filed on 01/07/2019
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