(MENAFN- PR Newswire)
SAN DIEGO, Nov. 26, 2024 /PRNewswire/ --
Robbins LLP
reminds shareholders that a class action was filed on behalf of all investors and entities that purchased or otherwise acquired WM Technology, Inc. (NASDAQ: MAPS ) securities between May 25, 2021 and September 24, 2024. WM technology describes itself as the operator of a "leading online cannabis marketplace for consumers together with a comprehensive set of eCommerce and compliance software solutions for cannabis businesses[.]"
For more information, submit a form , email
attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003.
The Allegations:
Robbins LLP is Investigating Allegations that WM Technology, Inc. (MAPS) Failed to Maintain Adequate Control Over Financial Reporting
According to the complaint, on September 24, 2024, the SEC issued a litigation release in which it announced that it had "charged public company WM Technology, Inc. (Nasdaq: MAPS ), its former CEO, Christopher Beals, and its former CFO, Arden Lee, for making negligent misrepresentations in WM Technology's public reporting of a self-described key operating metric, the "monthly active users," or "MAU," for WM Technology's online cannabis marketplace." The release noted that the SEC had "also instituted a related settled administrative proceeding against WM Technology" and that "WM Technology also agreed to pay a civil penalty of $1,500,000." On this news, the price of WM Technology, Inc. common stock fell by 1.9% to close at $0.92 on September 25, 2024.
What Now : You may be eligible to participate in the class action against WM Technology, Inc. Shareholders who want to serve as lead plaintiff for the class must submit their application to the court by December 16, 2024. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. If you choose to take no action, you can remain an absent class member. For more information, click here .
All representation is on a contingency fee basis. Shareholders pay no fees or expenses.
About Robbins LLP : Some law firms issuing releases about this matter do not actually litigate securities class actions; Robbins LLP does. A recognized leader in shareholder rights litigation, the attorneys and staff of Robbins LL have been dedicated to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their wrongdoing since 2002. Since our inception, we have obtained over $1 billion for shareholders.
To be notified if a class action against WM Technology, Inc. settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for
Stock Watch
today.
Attorney Advertising. Past results do not guarantee a similar outcome.
SOURCE Robbins LLP
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE?
440k+
Newsrooms &
Influencers
9k+
Digital Media
Outlets
270k+
Journalists
Opted In
GET STARTED
MENAFN26112024003732001241ID1108929967
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.