Los Angeles, CA – (Newsfile Corp. – June 16, 2021) – Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Aterian, Inc. (“Aterian” or “the Company”) (NASDAQ: ATER) for violation of Â§Â§10 (b) and 20 (a ) the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the United States Securities and Exchange Commission.
Investors who purchased the Company’s securities between December 1, 2020 and May 3, 2021 inclusive (the âRecourse Periodâ), are invited to contact the company before July 12, 2021.
If you are a shareholder who has suffered a loss, Click here to participate.
We also encourage you to contact Brian Schall of the 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 firm’s website at www.schallfirm.com, or by email at [email protected]
The group, 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 member of the group.
According to the complaint, the company made false and misleading statements to the market. Aterian suffered from a sharp drop in organic growth. The company’s recent acquisitions were faulty assets that it overpaid. Customer interest in the company’s AI software was low. The company has used rebate programs and paid reviews to bolster its product offerings. Based on these facts, the Company’s public statements were false and misleading throughout the Class Period. When the market learned the truth about Aterian, investors suffered damage.
Join the case to recoup your losses.
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 attorney’s advertisement in certain jurisdictions under applicable law and rules of professional conduct.
Schall Law Firm
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