DOCUSIGN INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates Officers and Directors of DocuSign, Inc. – DOCU
NEW ORLEANS–(BUSINESS WIRE)–Former Louisiana Attorney General Charles C. Foti, Jr., Esq., partner at the law firm Kahn Swick & Foti, LLC (“KSF”), announces that KSF has opened an investigation into DocuSign, Inc. (NasdaqGS: DOCU).
In December 2021, the company released its financial results for the third quarter of 2022, revealing a dramatic slowdown in billing growth, constituting a 28% year-over-year decline, mainly due to lower asks as customers began returning to their offices and resumed in person. signature process, contrary to its earlier representations that pandemic-induced demand would be viable in the long term. Additionally, the company announced the departure of former chief financial officer Michael Sheridan, one of the key executives responsible for setting the company’s billing forecast at the start of the pandemic.
Subsequently, the Company and certain of its officers were sued in a securities class action lawsuit accusing them of failing to disclose material information during the Class Period in violation of federal securities laws. , which continue.
KSF’s investigation focuses on whether DocuSign’s officers and/or directors breached their fiduciary duties to its shareholders or otherwise violated state or federal laws.
If you have information that may help KSF in its investigation, or if you have been a long-time DocuSign stockholder and would like to discuss your legal rights, you may, at no obligation or cost to you, call toll-free 1-877-515-1850 or email Lewis Kahn, KSF Managing Partner ([email protected]), or visit https://www.ksfcounsel.com/cases/nasdaqgs-docu/ to learn more.
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s leading securities litigation law firms. KSF serves a variety of clients – including public institutional investors, hedge funds, fund managers and retail investors – in seeking recoveries for investment losses resulting from corporate fraud or malfeasance by listed companies. KSF has offices in New York, California, Louisiana and New Jersey.
To learn more about KSF, you can visit www.ksfcounsel.com.