| COMPANY |
DocuSign, Inc. |
| COURT |
United States District Court for the Northern District of California - San Francisco Division |
| CASE NUMBER |
22-cv-00824 |
| JUDGE |
The Honorable William Horsley Orrick III |
| CLASS PERIOD |
June 4, 2020 - December 2, 2021 |
| SECURITY TYPE |
Securities |
Case Background:
A class action lawsuit was filed on behalf of those who purchased or acquired DocuSign, Inc. (“DocuSign”) (NASDAQ: DOCU) securities between June 4, 2020 and December 2, 2021, both dates inclusive (the “Class Period”).
The complaint alleges that, throughout the Class Period, the Defendants misrepresented and/or failed to disclose that: (1) much of DocuSign’s accelerated growth in 2020 and early 2021 was attributable to COVID-19 pandemic restrictions rather than a sustainable shift in demand for DocuSign’s services; (2) demand for DocuSign’s services was, in fact, waning as COVID-19 pandemic restrictions were being lifted; and (3) as a result, the Defendants’ statements about DocuSign’s business, operations, and prospects lacked a reasonable basis.
Current Status of Case:
On June 10, 2024, the Court entered an Order Certifying the Class. This action is in the discovery phase and is ongoing.
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 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.