Kaskela Law LLC is investigating CS Disco, Inc. (NYSE: LAW) on behalf of the company’s long-term shareholders.

Recently a securities fraud complaint was filed against CS Disco on behalf of certain investors who purchased shares of the company’s stock between July 21, 2021 and September 11, 2023 (the “Relevant Period”).  According to the complaint, during the Relevant Period, CS Disco and certain of the company’s senior executive officers made a series of materially false and/or misleading statements to investors about the company’s business, operations, and prospects.

The complaint further details how “the truth began to emerge” on August 11, 2022, when CS Disco released financial results for the second quarter of 2022 that shocked investors and analysts alike.  Therein, the company revised its annual revenue projections downward, revealing that its previous projections relied on continuing to receive revenues from a small number of large Review matters, matters which had disappeared in the preceding months.  Following this news, shares of CS Disco declined $15.53 per share, or over 53% in value, to close at $13.43 per share on August 12, 2022, on unusually heavy trading volume.

The investigation seeks to determine whether the members of CS Disco’s board of directors violated the securities laws and/or breached their fiduciary duties in connection with the above alleged misconduct.

CS Disco shareholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq. or Adrienne Bell, Esq.) at (484) 229 – 0750, or by completing the form on this page, to receive additional information about this investigation and their legal rights and options.

CONTACT:

KASKELA LAW LLC
D. Seamus Kaskela, Esq.
([email protected])
Adrienne Bell, Esq.
([email protected])
18 Campus Blvd., Suite 100
Newtown Square, PA 19073
(484) 229 – 0750