Kaskela Law LLC is investigating FiscalNote Holdings, Inc. (NYSE: NOTE) (“FiscalNote”) on behalf of the company’s investors.
On November 14, 2023, FiscalNote announced disappointing quarterly financial and operational results for the Third Quarter 2023. As reported by MarketWatch, the company also “issued lower-than-expected revenue guidance for the current quarter and 2023.” At the same time, FiscalNote also disclosed that “its Board of Directors (the ‘Board’) has established a Special Committee in response to statements made by the Company’s CEO and Co-founder, Tim Hwang, regarding his interest in putting together a consortium to explore a potential go-private transaction.”
Following this news, shares of the company’s stock fell $0.42 per share, or over 32% in value, to close on November 14, 2023 at $0.89 per share, on unusually heavy trading volume.
The investigation seeks to determine whether the company’s officers and/or directors breached their fiduciary duties or violated the securities laws.
FiscalNote 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, for additional information about this investigation and their legal rights and recovery options.