NEW YORK, April 14, 2024 (GLOBE NEWSWIRE) —
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of HireRight Holdings Corporation (NYSE: HRT) pursuant to and/or traceable to the registration statement and prospectus (collectively, the Offering Documents) issued in report to HireRight’s initial October 2021 public offering (the IPO), of the major Deadline for lead plaintiff: June 3, 2024.
SO: If you purchased HireRight securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the HireRight class action, go to https://rosenlegal.com/submit-form/?case_id=23874 or call Phillip Kim, Esq. toll-free 866-767-3653 or email case@rosenlegal.com for information about the collective action. A class action has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 3, 2024. A lead plaintiff is a representative party who acts on behalf of other class members in handling the litigation.
WHY THE ROSEN LAW: We encourage investors to select qualified advisors with a track record of success in leadership roles. Often, companies issuing warnings lack experience, resources, or any significant peer recognition. Many of these firms do not actually pursue securities class action lawsuits, but are simply intermediaries who refer clients or partner with law firms who actually litigate the cases. Be wise in choosing a lawyer. The Rosen Law Firm represents investors throughout the world, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has reached the largest class action settlement ever against a Chinese company. The Rosen Law Firm was Ranked #1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 every year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone, the company secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named Law 360 Titan of Plaintiffs’ Lawyers. Many of the firm’s lawyers have been recognized by Lawdragon and Super Lawyers.
CASE DETAILS: According to the indictment, the offering documents contained false and/or misleading statements and/or failed to disclose that: (1) HireRight was exposed to clients with significant employment and hiring risks and HireRight derived increased revenue growth from hiring existing customers versus new customer intake; (2) as a result, HireRight’s revenue growth was unsustainable to the extent it relied on the stability of its current client hires and/or profitability in securing new clients; (3) as a result, HireRight had overvalued its business and/or its post-IPO prospects; and (4) as a result, Defendants’ statements about HireRight’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details appeared on the market, the lawsuit claims that investors suffered damages.
To join the HireRight class action, go to https://rosenlegal.com/submit-form/?case_id=23874 or call Phillip Kim, Esq. toll-free 866-767-3653 or email case@rosenlegal.com for information about the collective action.
No classes were certified. Until a course is certified, you are not represented by an attorney unless you retain one. You can select a lawyer of your choice. You could even remain an absent class member and do nothing at this point. An investor’s ability to participate in any potential future recovery is not dependent on serving as a lead plaintiff.
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Contact information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A
275 Madison Avenue, 40th floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
case@rosenlegal.com
www.rosenlegal.com