To join this class action, please complete the following Investor Certification.
Oklahoma City, OK (May 19, 2021) – On May 17, 2021, a securities class action lawsuit was filed in the United States District Court for the Northern District of California against ContextLogic Inc. (NASDAQ: WISH). The complaint alleges violations of federal securities laws, Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5, including allegations of issuing a series of material or false misrepresentations to the market which had the effect of artificially inflating the stock price during the period December 16, 2020 through May 12, 2021 (the “Class Period”). Specifically, the complaint alleges that ContextLogic reported false and misleading statements about the strength of its business operations and financial prospects by overstating its Monthly Active Users and growth trends.
The lawsuit seeks to recover damages on behalf of all ContextLogic Inc. investors who purchased common stock during the Class Period. You may move the Court no later than Monday, July 12, 2021 to serve as a lead plaintiff for the entire Class.
If you wish to obtain further information and participate in this or any other securities litigation, or should you have any questions regarding this notice or preservation of your rights, please contact: Priscilla Scoggins at firstname.lastname@example.org