An investigation on behalf of current long term investors in The Honest Company, Inc. (NASDAQ:HNST) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA — (SBWIRE) — 01/25/2022 — An investigation was announced concerning potential breaches of fiduciary duties by certain directors of The Honest Company, Inc.
Investors who are current long term investors in The Honest Company, Inc. (NASDAQ: HNST) shares, have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 – 1554.
The investigation by a law firm for investors in NASDAQ: HNST stocks follows a lawsuit filed against The Honest Company, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: HNST stocks, concerns whether certain The Honest Company, Inc. directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges on behalf of investors, who purchased The Honest Company, Inc. (NASDAQ: HNST) common stock pursuant and/or traceable to the registration statement and prospectus (collectively, the “Registration Statement”) issued in connection with the Company’s May 2021 IPO, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that the Registration Statement was materially false and misleading and omitted that, prior to the IPO, the Company’s results had been significantly impacted by a multimillion-dollar COVID-19 stock-up for products in the Diapers and Wipes category and Household and Wellness category, that, at the time of the IPO, the Company was experiencing decelerating demand for such products, that, as a result, the Company’s financial results would likely be adversely impacted, and that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.
Those who purchased shares of The Honest Company, Inc. (NASDAQ: HNST) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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