CS DISCO UPDATE: Rosen Law Firm Provides CS Disco, Inc. Investors Update in Securities Class Action – LAW

Rosen Law Firm, a global investor rights law firm, provides this update to purchasers of the common stock of CS Disco, Inc. (NYSE: LAW) between July 21, 2021 and August 11, 2022, both dates inclusive (the “Class Period”).

On December 14, 2023, the United States District Court for the Southern District of New York appointed The Rosen Law Firm as Lead Counsel in this securities class action. Thereafter, the lawsuit was transferred to the United States District Court for the Western District of Texas Austin Division. Currently, the case is proceeding through the pleading stage.

If you require additional information or want to join the CS Disco class action, go to https://rosenlegal.com/submit-form/?case_id=19221 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed.

If you purchased CS Disco common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

According to the lawsuit, throughout the Class Period, “CS Disco repeatedly touted strong growth in its revenues attributable to customer usage of its cloud-based electronic discovery platform and asserted that it had good advance visibility into changes in the demand from individual customers over time.” The lawsuit also alleges that “[w]hile the Company also acknowledged that its rapid revenue growth was ‘usage driven’ and may be subject to volatility, it did not inform investors during the Class Period that it had any indication of significant headwinds to its growth.” When the true details entered the market, the lawsuit claims that investors suffered damages.

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