GRABAR LAW OFFICE INVESTIGATES CLAIMS ON BEHALF OF SHAREHOLDERS OF CS DISCO INC. (NYSE: LAW)
CS Disco, Inc. provides cloud-native, artificial intelligence (AI)-powered legal product offerings that simplify legal hold, legal request, e-discovery, legal document review and case management for enterprises, law firms, legal service providers, and governments. The Company’s integrated product offerings enable legal departments to collect, process and review enterprise data that is relevant or potentially relevant to legal matters. Its comprehensive product offerings include DISCO Hold, DISCO Request, DISCO Ediscovery, DISCO Review, and DISCO Case Builder. DISCO Hold automates the manual work necessary to comply with preservation requirements, empowering legal teams to preserve data, notify custodians, track holds with a defensible audit trail, and collect data when ready. DISCO Request automates response compliance for legal requests like service of process requests, subpoenas, and law enforcement requests, giving legal teams control and visibility from intake to resolution.
Current CS Disco Inc. (NYSE: LAW) shareholders who have held CS Disco shares since prior to September 2, 2021, can seek corporate reforms, the return of funds back to the company, and a court approved incentive award at no cost to them whatsoever. To learn more contact Joshua Grabar at jgrabar@grabarlaw.com, or call us at 267-507-6085.
Why? Key allegations of a securities fraud class action complaint CS Disco Inc. (NYSE: LAW), and certain of its officers, have now survived a motion to dismiss. The court determined that “Plaintiffs have sufficiently alleged that while Camara’s statements in these calls regarding “growth drivers” may be true insofar as “legal department budgets are steady over time,” Camara’s statements could be misleading if there is evidence that Disco’s real revenue drivers were in fact only a handful of large Review projects. In such case, Camara’s statements suggesting that any fluctuations in specific customer usage would “wash out in the aggregate” could be false and misleading. . . . Plaintiffs have alleged sufficient facts that Camara’s descriptions in the phone call that customer spending was driven by gradual adoption across a wide range of matters—with the result being a steady, mature spend by the customers—were either false or misled investors if it is true that customer spending was actually spiky and driven by only a few large Review projects.”
What You Can Do Now: If you have held CS Disco Inc. (NYSE: LAW) shares since prior to September 2, 2021, please contact Joshua Grabar at jgrabar@grabarlaw.com, or call us at 267-507-6085. You can seek corporate reforms, the return of funds back to the company, and a court approved incentive award at no cost to you whatsoever. $LAW #CSDisco