The Schall Law Firm Reminds Investors of a Class Action Lawsuit Against Aterian, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
Los Angeles, California – (Newsfile Corp. – June 16, 2021) – Schall Law Firm, a national shareholder rights law firm, is reminding investors of a class action lawsuit against Aterian, Inc. (“Aterian” or “the Company”) NASDAQ: ATER) for violating Sections 10 (b) and 20 (a) of the Securities Exchange Act of 1934 and Rule 10b-5 issued by the Securities and Exchange Commission.
Investors who acquired the Company’s securities between December 1, 2020 and May 3, 2021 inclusive (the “Class Period”) are advised to contact the Company before July 12, 2021.
If you are a shareholder who has suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall law firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335 to discuss your rights free of charge. You can also contact us on the firm’s website at www.schallfirm.com or by email at [email protected]
In this case, the class has not yet been certified and you will not be represented by a lawyer until certified. If you do nothing, you can remain an absent class member.
According to the lawsuit, the company provided false and misleading information to the market. Aterian suffered a sharp decline in organic growth. The company’s recent acquisitions were flawed assets that it had overpaid for. Customer interest in the company’s AI software was low. The company used discount programs and paid reviews to bolster its product offering. Because of these facts, the company’s public statements were false and materially misleading throughout the course period. When the market learned the truth about Aterian, investors suffered damage.
Join the case to make up for your losses.
The law firm Schall represents investors worldwide and specializes in securities class actions and shareholder disputes.
This news release may be viewed as a solicitation in some jurisdictions under applicable law and ethical rules.
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The Schall law firm
Brian Schall, Esq.,
The Schall law firm
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/87717