GRABAR LAW OFFICE INVESTIGATES CLAIMS AGAINST OFFICERS AND DIRECTORS OF TASKUS, INC. (NASDAQ: TASK)
TaskUs, Inc. is a business process outsourcer focused on serving high-growth technology companies to represent, protect and grow their brands. TaskUs provides three services to its technology company clients: (1) Digital Customer Experience; (2) Content Security; and (3) AI Operations.
A recently filed amended securities fraud class action complaint alleges TaskUs, Inc. (NASDAQ: TASK), via certain of its officers and directors, made materially false and misleading positive statements about its business, when in truth: (1) TaskUs was experiencing severe financial strain and business challenges; (2) the Content Security market was smaller than Defendants represented and Defendants’ representations were based on outdated market data; (3) TaskUs improperly recognized revenue from certain key contracts; (4) Defendants overstated the size of TaskUs’ workforce as well as employee retention rates, and understated attrition rates; and (5) that, as a result of the foregoing, these positive statements about the Company’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis.
Current TaskUs shareholders who have held TaskUs shares since on or before June 11, 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.
If you would like to learn more about this matter, you are encouraged to contact us at email@example.com, or call 267-507-6085.