ATLANTA, GA – – (Globe Newswire – November 16, 2023) – – Holzer & Holzer, LLC informs investors that a shareholder class action lawsuit has been filed against Adobe Inc. (“Adobe” or the “Company”) (NASDAQ: ADBE). The lawsuit alleges Adobe made false or misleading statements and/or omitted material adverse information, including allegations that: (a) a competitor, Figma, was growing its market share and was becoming a leader in user experience design; (b) Figma was in direct competition with Adobe on user experience design; (c) Adobe’s product “Express” was not an effective counter to Figma’s growing market share in bringing new customers to Adobe’s paid offerings; (d) Adobe’s other offerings were not succeeding in competing with Figma on user experience design; and (e) Adobe was losing market share to Figma.

If you bought Adobe shares between July 23, 2021 and September 15, 2022, and you suffered a significant loss on that investment, you are encouraged to discuss your legal rights by contacting Corey Holzer, Esq. at cholzer@holzerlaw.com or Joshua Karr, Esq. at jkarr@holzerlaw.com, by toll-free telephone at (888) 508-6832 or you may visit the firm’s website at www.holzerlaw.com/case/adobe/ to learn more.

The deadline to ask the court to be appointed lead plaintiff in the case is December 19, 2023.