McCune Law Group Investigating Freshworks Inc. (NASDAQ: FRSH) Over Investor Losses

Alleged false claims of the company’s business health may have resulted in significant investor losses

McCune Law Group, Wright Arevalo Vercoski Kusel Weck Brandt APC (MLG) is investigating potential claims against Freshworks, Inc. (NASDAQ: FRSH) over allegations that false or misleading claims may have affected the share prices of Freshworks securities, causing major investor losses. According to a complaint filed in the U.S. District of California, Northern District, Freshworks, Inc. claimed it had grown rapidly resulting in healthy net dollar retention rates. Due to their supposed growth, on September 22, 2021, Freshworks conducted its IPO, offering 28.5 million shares of its common stock to the investing public of $36 per share. However, Freshworks allegedly did not experience the growth it claimed. Once the truth emerged, Freshworks shares dropped rapidly, damaging investors.

Have you invested in Freshworks, Inc. and have suffered major losses?

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    UDAP Civil Penalties

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    Financial Services

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    Product Liability

    McCune Law Group Investigates Freshworks, Inc. Over Allegedly Misleading Statements Regarding Its Growth and Business Health

    McCune Law Group, McCune Wright Arevalo Vercoski Kusel Weck Brandt APC (MLG) is investigating claims that Freshworks, Inc. (or “the Company”) made false and/or misleading statements that their registration reported Statements and Prospects contained martially incorrect or misleading statements and/or omitted material information that was required by law to be disclosed. Also, according to complaints filed in the U.S. District of California, Northern District and captioned Sundaram v. Freshworks Inc. et al., the Offering Documents used to effectuate Freshworks’ IPO were false and misleading and omitted to state that, at the time of offering, the Company’s business has encountered issues.

    If you purchase shares in Freshworks, Inc. following their IPO and suffered losses due to the Company’s alleged misleading statements, contact MLG by completing the form.

    Freshworks, Inc. May Have Withheld or Misled Investors, Leading to Severe Share Declines

    Freshworks, Inc., headquartered in San Mateo, California, provides customer engagement software for businesses. On or about September 22, 2021, Freshworks conducted its IPO, offering 28.5 million shares of its common stock to the investing public at a price of $36 per share. According to offering documents, Freshworks’ business had “grown rapidly” leading up to the IPO. Since Freshworks growth rates and reportedly “healthy” net dollar retention rates reached levels not previously achieved, there was no indication that either was decelerating. Unfortunately, at the time of Freshworks’ IPO, their revenue growth and billing had encountered obstacles. As the facts emerged after Freshworks’ offering, the Company’s share price fell sharply to $10.51 per share, a decline of nearly 70 percent from the offering price.

    If you have invested in Freshworks, Inc. securities and have suffered significant damages due to their alleged false and/or misleading statements, contact our Securities Litigation team today by completing the form to set up a free consultation. Investors have until January 3, 2023, to seek out an appointment as lead plaintiff.

    Attorneys Handling This Investigation

    Portrait of Elaine S. Kusel, Partner of McCune Law Group
    Elaine S. Kusel

    Elaine S. Kusel, who joined McCune Law Group, Vercoski, Kusel, Weck, Brandt, APC, (MLG), in 2008 and leads the firm’s New Jersey office. As a nationally renowned class action attorney, she performs a significant role in the firm’s Consumer Fraud Class Action and Securities Litigation divisions.

    After graduating from law school, her practice had included fraud litigation, mass torts, and international human rights law. Ms. Kusel has been integral to the successful recovery of multi-million-dollar settlements and verdicts for wronged consumers and investors.


    Portrait of Sherief Morsy, Associate of McCune Law Group
    Sherief Morsy

    Sherief Morsy joined the McCune Law Group, Vercoski, Kusel, Weck, Brandt, APC, (MLG), New Jersey office in 2020. His practice primarily focuses on consumer fraud class actions, Securities Litigation, and other complex litigation matters.

    Prior to joining the firm, Mr. Morsy was a senior associate at a New York City law firm, whose practice focused on complex civil and class action litigation, including securities litigation, antitrust litigation, and consumer class actions. As he previously assisted investors in recovering their losses resulting from corporate securities fraud, he now focuses that experience at McCune Law Group in assisting people who have been victimized by deceptive business practices or other corporate wrongdoing.

    Have you invested in Freshworks, Inc. and have suffered major losses?

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