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Riskified Ltd. Securities Fraud Class Action

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COMPANY         Riskified Ltd.
COURT United States District Court for the Southern District of New York
CASE NUMBER 22-cv-03545
JUDGE The Honorable Ronnie Abrams
CLASS PERIOD July 29, 2021 and May 2, 2022
SECURITY TYPE  Class A Ordinary Shares

Case Background:

A class action lawsuit has been filed on behalf of those who purchased or acquired Riskified Ltd. (“Riskified”) (NYSE:  RSKD) Class A ordinary shares between July 29, 2021 and May 2, 2022, inclusive (the “Class Period”).

On September 9, 2021, during a conference call to discuss Riskified's financial results for the second quarter ended June 30, 2021, Riskified's CFO, Defendant Aglika Dotcheva, stated that Riskified tended "to experience higher chargebacks when we enter a new industry."

Then, on November 16, 2021, Riskified announced its third quarter ended September 30, 2021 results. The results revealed significant declines in many year-over-year financial metrics including  gross profit margins which had plummeted to just 46% during the quarter and gross profit fell to $24.3 million.  Further, Riskified's cost of revenue had jumped to $28.3 million in the third quarter of 2021, primarily as a result of a sharp increase in chargeback expenses.  During the earnings call, Defendant Dotcheva blamed Riskified's growing merchant base as a primary cause of increased chargebacks.

Current Status of Case:

On June 2, 2023, the Court issued an Order granting Defendants’ Motion to Dismiss the complaint.  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 or via e-mail at  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.

Please complete this form relating to your transactions for Riskified Ltd. (NYSE:  RSKD) Class A ordinary shares between July 29, 2021 and May 2, 2022, inclusive (the “Class Period”).

You may also contact Jon Naji, Esq. (484) 270-1453; or you may submit your information via email at; or you may click here to print a PDF of this form.

* Denotes required field
# of Shares
Price per Share
Principal Amount
Amount Paid
Series or CUSIP
# of Contracts
Price per Contract
Exercise Price
Expiration Date
Did you purchase shares of Riskified Ltd. prior to the Class Period?
Are you a current or former employee of Riskified Ltd.?
The submission of this form does not create an attorney-client relationship, nor an obligation on the part of Kessler Topaz or you to file a lead plaintiff motion in this matter. Any information you submit will be maintained as confidential. If Kessler Topaz, in its sole discretion, believes that you might be an appropriate lead plaintiff candidate, Kessler Topaz will contact you to discuss the matter and whether to establish an attorney client relationship. By signing this form you are authorizing us to contact you regarding this case and/or future cases.
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