Lightspeed POS Inc ( (TSE:LSPD) ) has issued an announcement.
Lightspeed Commerce Inc. announced a significant legal victory as the U.S. District Court for the Eastern District of New York dismissed a securities class action lawsuit against the company and its executives, citing a lack of adequate legal basis for the allegations. The lawsuit was primarily based on a short-seller report by Spruce Point Capital Management, which was deemed inaccurate. This outcome allows Lightspeed to focus on its upcoming Capital Markets Day, where it will discuss its transformation plan and long-term financial outlook.
More about Lightspeed POS Inc
Lightspeed Commerce Inc. is a leading commerce platform that empowers merchants to provide exceptional omnichannel experiences. Founded in Montréal, Canada in 2005, the company offers a cloud-based solution that integrates online and physical operations, multichannel sales, global payments, and financial solutions. Serving retail, hospitality, and golf businesses in over 100 countries, Lightspeed is dual-listed on the New York Stock Exchange and Toronto Stock Exchange.
YTD Price Performance: -19.38%
Average Trading Volume: 617,439
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: C$2.79B
For a thorough assessment of LSPD stock, go to TipRanks’ Stock Analysis page.
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