Law Firm Schall Announces Class Action Filing Against ContextLogic Inc. and Encourages Investors With Losses Over $ 100,000 to Contact the Firm


LOS ANGELES, May 20, 2021 / PRNewswire / – Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against ContextLogic Inc. (“ContextLogic” or “the Company”) (NASDAQ: WISH) for violation of federal securities laws.

Investors who have purchased the Company’s shares in accordance with and / or traceable to December 16, 2020 initial public offering (the “IPO”), or between December 16, 2020, and May 12, 2021 both dates included (the “recourse period”), are encouraged to contact the firm before July 16, 2021.

If you are a shareholder with a loss, Click here to participate.

We also encourage you to contact Brian schall Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the company website at www.schallfirm.com, or by e-mail to [email protected].

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by legal counsel. If you choose to do nothing, you can remain an absent group member.

According to the complaint, the company made false and misleading statements to the market. ContextLogic Monthly Active Users (“MAU”) for the fourth quarter of 2020 have decreased significantly and have not shown any signs of growth. Based on this fact, the company’s public statements were false and materially misleading throughout the appeal period. When the market learned the truth about ContextLogic, investors suffered damage.

Join the case to recoup your losses.

The Schall law firm represents investors around the world and specializes in securities class actions and shareholder rights litigation.

This press release may be considered an advertisement for attorneys in certain jurisdictions under applicable law and ethical rules.

CONTACT:
Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
[email protected]

SOURCE Schall Law Firm

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