Amplitude, Inc. (NASDAQ: AMPL) Securities Fraud Class Action

Case Background:
This is a federal securities fraud class action lawsuit on behalf of those who purchased or otherwise acquired Amplitude, Inc. (“Amplitude”) (NASDAQ: AMPL) securities between September 28, 2021 and February 16, 2022, inclusive (the “Class Period”).

The complaint alleges that, throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Amplitude’s land-and-expand strategy was years away from significantly accelerating revenues among its newer client cohorts; (2) the rapid acceleration in Amplitude’s second quarter 2021 results resulted from the ephemeral effects of the COVID-19 pandemic which had not continued by the start of the Class Period, as Amplitude clients were expanding at a slower pace; and (3) as a result, Amplitude’s business, operations, financial results, and prospects were materially worse than represented to investors during the Class Period.

Current Status of Case:
On January 13, 2025, the Court granted Defendants’ Motion to Dismiss. This action has concluded.

If you wish to discuss this action or have any questions, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; toll-free at (844) 887-9500; or via e-mail at [email protected]. If you would like additional information about the suit, please click on the link “Submit Your Information” above and fill out the form as promptly as possible.