Sept. 09th Deadline Alert: Investors Who Lost More Than $100,000 With MongoDB, Inc. (NASDAQ:MDB) Shares Should Contact the Shareholders Foundation

SAN DIEGO, CA, August 27, 2024 (Newswire.com) - The Shareholders Foundation, Inc. announced that September 09, 2024, a deadline is coming up in the lawsuit that was filed for certain investors who purchased shares of MongoDB, Inc. (NASDAQ: MDB). Investors in NASDAQ: MDB shares should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The Shareholders Foundation, Inc. announced that September 09, 2024, a deadline is coming up in the lawsuit that was filed for certain investors who purchased shares of MongoDB, Inc. (NASDAQ: MDB).

Investors, who purchased shares in excess of $100,000 of MongoDB, Inc. (NASDAQ: MDB) between August 31, 2023 and May 30, 2024, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

On March 7, 2024, MongoDB, Inc. allegedly announced that due to the sales restructuring, it experienced an annual decrease of approximately $40 million in multiyear license revenue, anticipated near zero revenue from unused Atlas commitments (one of its core offerings) in fiscal year 2025, and provided a disappointing revenue growth forecast that trailed that of the prior year.

Then, on May 30, 2024, MongoDB, Inc. again announced significantly reduced growth expectations, this time cutting fiscal year 2025 growth projections further, again attributing the losses to the sales force restructuring.

On July 09, 2024, an investor in NASDAQ: MDB shares filed a lawsuit against MongoDB, Inc. over alleged violations of securities laws. The plaintiff alleges that the defendants made materially false and misleading statements and engaged in a scheme to deceive the market and a course of conduct that artificially inflated the price of MongoDB's common stock and operated as a fraud or deceit on purchasers of MongoDB, Inc. (NASDAQ: MDB) common shares between August 31, 2023 and May 30, 2024 by materially misleading the investing public.

Those who purchased MongoDB, Inc. (NASDAQ: MDB) shares should contact the Shareholders Foundation, Inc.

CONTACT:

Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.

Contact Information

Michael Daniels
Manager
mail@shareholdersfoundation.com
858-779-1554

SOURCE: Shareholders Foundation, Inc.

Source: Shareholders Foundation, Inc.

Related Media