YOGAWORKS, INC. INVESTOR ALERT: Wolf Haldenstein Adler Freeman & Herz LLP announces that a securities class action lawsuit has been filed in the United States District Court for the Central District of California against YogaWorks, Inc.
NEW YORK, Jan. 07, 2019 (GLOBE NEWSWIRE) -- Wolf Haldenstein Adler Freeman & Herz LLP announces that a federal securities class action lawsuit has been filed in the United States District Court for the Central District of California on behalf of purchasers of the securities of YogaWorks, Inc. (NASDAQ:YOGA) pursuant and/or traceable to YogaWorks’ initial public offering commenced on or about August 10, 2017 and closed on August 16, 2017 (the “IPO”).
Investors who have incurred losses in the shares of YogaWorks, Inc. are urged to contact the firm immediately at email@example.com or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action on our website, www.whafh.com.
If you have incurred losses in the shares of YogaWorks, Inc., you may, no later than February 25, 2019, request that the Court appoint you lead plaintiff of the proposed class. Please contact Wolf Haldenstein to learn more about your rights as an investor in YogaWorks, Inc.
According to the filed complaint, YogaWorks’ Registration Statement and Prospectus made materially misleading statements regarding:
-- YogaWorks’ studio-level economics and the adverse trends it faced in declining studio profitability; -- reasons for YogaWorks’ declining revenue, including increasing corporate overhead costs; and -- YogaWorks’ increasing corporate infrastructure costs and inability to achieve economies of scale.
As of January 4, 2019, YogaWorks’ stock closed at $0.55 or 90% below its IPO price of $5.50.
Wolf Haldenstein Adler Freeman & Herz LLP has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.
If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein by telephone at (800) 575-0735, via e-mail at firstname.lastname@example.org, or visit our website at www.whafh.com.
Wolf Haldenstein Adler Freeman & Herz LLP Kevin Cooper, Esq.Gregory Stone, Director of Case and Financial AnalysisEmail: email@example.com, firstname.lastname@example.org or email@example.com Tel: (800) 575-0735 or (212) 545-4774
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