Philadelphia, Pennsylvania– (Newsfile Corp. – December 26, 2024) – A securities class action lawsuit has been filed against Evolv Technologies Holdings, Inc. (“Evolv” or the “Company”) (NASDAQ: EVLV). The lawsuit was filed on behalf of the customers of EVOLV Securities between August 19, 2022 and October 30, 2024, inclusive (“Class Period”).
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Purchased or acquiring investors they appear securities during the Class Period may, no later than DECEMBER 31, 2024, seek to be appointed as the lead representative of the class plaintiff.
Headquartered in Waltham, MA, Evolv is a security technology company that uses AI-based screening designed to help create a safer experience.
According to the lawsuit, throughout the Class Period, Evolv and its senior management failed to warn investors that the Company's financial statements contained material misstatements related to the recognition of Evolv's revenue and other revenue-related metrics.
For additional information or to learn how to participate in this case, please contact Berger Montague: Andrew Abramowitz at aabramowitz@bm.net or (215) 875-3015, or Peter Hamner at phamner@bm.netor CLICK HERE.
The lead plaintiff is the representative party acting on behalf of all class members in the management of the lawsuit. The lead plaintiff is usually an investor or a small group of investors who have a substantial financial interest and who are sufficient and similar to the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not, however, affected by the decision whether or not you serve as the lead plaintiff. Communicating with any advice does not require you to participate or share in any recovery achieved in this situation. Any in-demand class member may move the Court to serve as lead plaintiff through counsel of his or her own choosing, or may choose to remain inactive and remain an inactive class member.
Berger Montague, with offices in Philadelphia, Minneapolis, Delaware, Washington, DC, San Diego, San Francisco and Chicago, has been a pioneer in securities class action litigation since its founding in 1970. decades and serves as lead counsel in courts throughout the United States.
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