ATLANTA, GA – – (Newsfile Corp. – September 16, 2022) – – Holzer & Holzer, LLC informs investors that a class action lawsuit was filed against Latch, Inc. (“Latch” or the “Company”) (NASDAQ: LTCH) f/k/a TS Innovation Acquisitions Corp. The lawsuit alleges Latch made materially false and misleading statements and/or failed to disclose material adverse facts about its business, operations and prospects, including: (1) there were unreported sales arrangements; (2) as a result, the Company had improperly recognized revenue throughout fiscal 2021 and first quarter 2022; (3) there were material weaknesses in Latch’s internal control over financial reporting related to revenue recognition; (4) as a result, Latch would restate financial statements for fiscal 2021 and first quarter 2022.
If you bought shares of Latch between May 13, 2021 and August 25, 2022, and you suffered a significant loss on that investment, you are encouraged to discuss your legal rights by contacting Corey Holzer, Esq. at email@example.com or Joshua Karr, Esq. at firstname.lastname@example.org, by toll-free telephone at (888) 508-6832 or you may visit the firm’s website at https://holzerlaw.com/case/latch/ to learn more.
The deadline to ask the court to be appointed lead plaintiff in the case is October 31, 2022.
Lead Plaintiff Deadline Has Passed
October 31, 2022