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Investors with losses are encouraged to contact the firm before July 12, 2021; click here to submit trade information
LOS ANGELES, May 13, 2021 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises investors that a class action lawsuit has been filed on behalf of Aterian, Inc. (NASDAQ: ATER) investors that acquired shares between December 1, 2020 and May 3, 2021. Investors have until July 12, 2021 to seek an active role in this litigation.
It is alleged in this complaint that Aterian made misleading and false statements to the market. Aterian experienced a steep decline in its organic growth. Aterian’s recent acquisitions were flawed assets that were overpaid for. Customer interest in Aterian’s AI software was low. Aterian used paid reviews rebate programs in order to bolster their product offerings. Aterian’s public statements were false and materially misleading throughout the class period, based on these facts. Investors suffered damages, when the market learned the truth about Aterian.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 12, 2021.
Please visit our website to review more information and submit your transaction information.
The Portnoy Law Firm represents investors in pursuing arising from corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA and NY Bar