New York, New York – (Newsfile Corp. – September 24, 2021) – WHY: Rosen Law Firm, a global investor rights law firm, has announced that it has filed a class action lawsuit on behalf of buyers of the common stock of The Honest Company, Inc. (NASDAQ: HNST) pursuant to the company’s public offering in May 2021 (the “IPO”). A class action lawsuit has already been filed. If you want to stand as the lead plaintiff, you will have to postpone the court by November 15, 2021 at the latest.
SO WHAT: If you have made common stock of The Honest Company through the IPO and / or traceably, you may be entitled to compensation free of any out-of-pocket expenses or costs under a contingency fee arrangement.
WHAT TO DO NEXT: To participate in The Honest Company’s class action lawsuit, go to http://www.rosenlegal.com/cases-register-2161.html or call Phillip Kim, Esq. toll free at 866-767-3653 or email [email protected] or [email protected] for class action information. A class action lawsuit has already been filed. If you want to stand as the lead plaintiff, you will have to postpone the court by November 15, 2021 at the latest. A lead plaintiff is a representative party who acts on behalf of other group members in directing the dispute.
WHY ROSE LAW: We encourage investors to select qualified consultants with a track record in leadership roles. Companies issuing notices often do not have comparable experience, resources or meaningful recognition from colleagues. Be wise in choosing the advisor. Rosen law firm represents investors around the world and focuses its practice on securities class actions and shareholder derivatives lawsuits. Rosen Law Firm has filed the largest class-action securities lawsuit ever against a Chinese company. Rosen Law Firm was ranked # 1 by ISS Securities Class Action Services for 2017 number of securities class action settlements. The firm has been ranked in the top 4 every year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone, the company raised over $ 438 million for investors. In 2020, founding partner Laurence Rosen was named Titan of Plaintiffs’ Bar by Law360. Many of the firm’s attorneys are recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, the IPO’s registration statement contained false and / or misleading information and / or did not contain any information that: (1) The Honest Company’s pre-IPO results were materially impacted by one million dollar COVID-19 stock had been. for products in the categories of diapers and wet wipes and household and wellness; (2) at the time of its IPO, The Honest Company experienced a decline in demand for such products; (3) as a result, The Honest Company’s financial results would likely be adversely affected; and (4) as a result of the foregoing, Defendants’ positive statements about the business, operations and prospects of The Honest Company were materially misleading and / or unfounded. When the real details hit the market, the lawsuit claims that investors have suffered damage.
To participate in The Honest Company’s class action lawsuit, go to http://www.rosenlegal.com/cases-register-2161.html or call Phillip Kim, Esq. toll free at 866-767-3653 or email [email protected] or [email protected] for class action information.
No class has been certified. Until a class is certified, you will not be represented by a lawyer unless you keep one. You can choose an advisor of your choice. You can also remain an absent class member and do nothing at this point. An investor’s ability to partake in a potential future repayment does not depend on their being the lead plaintiff.
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Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen, PA law firm
275 Madison Avenue, 40th floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/97631