INVESTIGATION ALERT: The Schall Law Firm Encourages Investors in Riskified Ltd. with Losses of $100,000 to Contact the Firm

INVESTIGATION ALERT: The Schall Law Firm Encourages Investors in Riskified Ltd. with Losses of $100,000 to Contact the Firm

LOS ANGELES–()–The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Riskified Ltd. (“Riskified” or “the Company”) (NYSE: RSKD) for violations of the securities laws.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Riskified’s machine learning platform degraded in quality as its userbase expanded, despite its promises that the platform would improve. This loss of quality was in part caused by algorithm flaws associated with new merchants and new geographic areas. The Company expanded its operations into industries that suffer from high rates of fraud, such as cryptocurrencies, further damaging the effectiveness of its platform. Based on these business decisions, the Company suffered from higher chargebacks, higher cost of revenue, and lower gross profits in the third quarter of 2021. Based on these facts, the Company’s public statements were false and materially misleading throughout the IPO period. When the market learned the truth about Riskified, investors suffered damages.

If you are a shareholder who 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 bschall@schallfirm.com.

The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

Published at Thu, 30 Jun 2022 12:32:00 +0000



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