TradeStation

Get Cash Back and $0 Commissions
+ The Power of TradeStation

LTCH ALERT: The Klein Law Firm Announces a Lead Plaintiff Deadline of October 31, 2022 in the Class Action Filed on Behalf of Latch, Inc. f/k/a TS Innovation Acquisitions Corp. Shareholders

PRNewswire 25-Oct-2022 5:45 AM

NEW YORK, Oct. 25, 2022 /PRNewswire/ -- The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Latch, Inc. f/k/a TS Innovation Acquisitions Corp. (NASDAQ:LTCH) alleging that the Company violated federal securities laws.

Class Period: May 13, 2021 to August 25, 2022
Lead Plaintiff Deadline: October 31, 2022
No obligation or cost to you.

Learn more about your recoverable losses in LTCH:
https://www.kleinstocklaw.com/pslra-1/latch-inc-f-k-a-ts-innovation-acquisitions-corp-class-action-submission-form?id=32937&from=4

Latch, Inc. f/k/a TS Innovation Acquisitions Corp. NEWS - LTCH NEWS

CLASS ACTION CASE DETAILS: The filed complaint alleges that Latch, Inc. f/k/a TS Innovation Acquisitions Corp. made materially false and/or misleading statements and/or failed to disclose that: (1) there were unreported sales arrangements related to hardware devices; (2) as a result, the Company had improperly recognized revenue throughout fiscal 2021 and first quarter 2022; (3) there were material weaknesses in Latch's internal control over financial reporting related to revenue recognition; (4) as a result of the foregoing, Latch would restate financial statements for fiscal 2021 and first quarter 2022; and (5) 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.

WHAT THIS MEANS TO YOU AS A SHAREHOLDER: If you have suffered a loss in Latch you have until October 31, 2022 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

NO COST TO YOU: If you purchased Latch securities during the relevant period, you may be entitled to compensation without payment of any out-of-pocket fees.

HOW TO PROTECT YOUR FINANCIAL INTERESTS: For additional information about the LTCH lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click this link: https://www.kleinstocklaw.com/pslra-1/latch-inc-f-k-a-ts-innovation-acquisitions-corp-class-action-submission-form?id=32937&from=4.

ABOUT KLEIN LAW FIRM

J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. The Klein Law Firm is a boutique litigation firm with experience in a wide range of areas including securities law, corporate finance and commercial litigation. Since 2011, our experienced attorneys have achieved superior results for our clients with a personalized focus. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
J. Klein, Esq.
535 Fifth Avenue
4th Floor
New York City, NY 10017
jk@kleinstocklaw.com
Telephone: (212) 616-4899
www.kleinstocklaw.com

Cision View original content:https://www.prnewswire.com/news-releases/ltch-alert-the-klein-law-firm-announces-a-lead-plaintiff-deadline-of-october-31-2022-in-the-class-action-filed-on-behalf-of-latch-inc-fka-ts-innovation-acquisitions-corp-shareholders-301657485.html

SOURCE The Klein Law Firm