| COMPANY |
Amplitude, Inc. |
| COURT |
United States District Court for the Northern District of California |
| CASE NUMBER |
24-cv-00898 |
| JUDGE |
The Hon. Vince Girdhari Chhabria |
| CLASS PERIOD |
September 21, 2021 through February 16, 2022 |
| SECURITY TYPE |
Securities |
Case Background:
This is a class action lawsuit on behalf of those who purchased or acquired Amplitude, Inc. (“Amplitude”) (NASDAQ: AMPL) securities between September 28, 2021 and February 16, 2022, both dates 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 November 13, 2024, Defendants filed a Motion to Dismiss the Second Amended Complaint. On January 13, 2025, the Court entered an Order and Judgment granting the Motion to Dismiss and dismissing the case with prejudice. This action has concluded.
If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; toll-free at (844) 887-9500; or via e-mail at info@ktmc.com. 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.