PR Newswire
LOS ANGELES, Oct. 11, 2024
LOS ANGELES, Oct. 11, 2024 /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against Sprinklr, Inc. ("Sprinklr" or "the Company") (NYSE: CXM) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Shareholders who purchased shares of CXM during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery.
CASE DETAILS: According to the Complaint, Sprinklr allegedly made false and misleading statements when it issued a press release on June 5, 2024, that provided full-year revenue guidance below expectations and second-quarter guidance that failed to match market expectations. The Company claimed it was facing soft demand and long sales cycles. The Company also admitted that it was suffering from high churn in its core product sales due to reduced marketing among other factors.
If you are a shareholder who suffered a loss, contact us to participate.
WHY DJS LAW GROUP? DJS Law Group's primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
David J. Schwartz
DJS Law Group
274 White Plains Road, Suite 1
Eastchester, NY 10709
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SOURCE DJS Law Group LLP
