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Oklahoma City, OK (December 28, 2018) – On December 27, 2018, a securities class action lawsuit was filed in the United States District Court for the Central District of California against YogaWorks, Inc. (NASDAQ: YOGA). The complaint alleges violations of federal securities laws, Sections 11, 15 and 22 of the Securities Exchange Act of 1933, including allegations of issuing a series of material or false misrepresentations to the market which had the effect of artificially inflating the market price during the Class Period, pursuant to or traceable to Tintri’s Registration Statement and Prospectus issued in connection with YogaWorks’s initial public offering commenced on August 10, 2017 and completed on or about August 16, 2017. More specifically, this litigation was filed because Defendants in connection with YogaWorks’ IPO made materially false and/or isleading statements regarding: (1) YogaWorks’ studio-level economics and the adverse trends it faced in declining studio profitability; (2) reasons for YogaWorks’ declining revenue, including increasing corporate overhead costs; and (3) YogaWorks’ increasing corporate infrastructure costs and inability to achieve economies of scale. As of December 27, 2018, YogaWorks’ stock closed at $0.44 or 92% below its IPO price of $5.50.
Plaintiff seeks to recover damages on behalf of all YogaWorks, Inc. shareholders who purchased common stock during the Class Period and are therefore a member of the Class as described above. You may move the Court no later than Monday, February 25, 2019 to serve as a lead plaintiff for the entire Class. However, in order to do so, you must meet certain legal requirements pursuant to the Private Securities Litigation Reform Act of 1995.
If you wish to discuss this action, obtain further information and participate in this or any other securities litigation, or should you have any questions or concerns regarding this notice or preservation of your rights, please contact: Robin Hester at email@example.com