{"id":464472,"date":"2021-03-24T13:32:16","date_gmt":"2021-03-24T17:32:16","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=464472"},"modified":"2021-03-24T13:32:16","modified_gmt":"2021-03-24T17:32:16","slug":"root-inc-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-notifies-investors-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-for-the-southe","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/root-inc-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-notifies-investors-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-for-the-southe\/","title":{"rendered":"ROOT, INC. CLASS ACTION ALERT: Wolf Haldenstein Adler Freeman &amp; Herz LLP notifies investors that a securities class action lawsuit has been filed in the United States District Court for the Southern District of Ohio against Root, Inc."},"content":{"rendered":"<h2>\nLEAD PLAINTIFF DEADLINE IS MAY 18, 2021<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p align=\"justify\">NEW YORK, March  24, 2021  (GLOBE NEWSWIRE) &#8212; <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=1-ZhecCx2Dl2AeNb8XXA_ofES_k-oyZaTIGEHlpMqr9Nhlt2NJymLUIWL6kTQRDUbDzEjRvOVlVFDGTJQJWfTcRkmW7XZcIfLUlhsIEOJUbMxHHBRjzeWh9_dbaUtdn_K1aq57ydwW5arGghg6KdwA==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Wolf Haldenstein Adler Freeman &amp; Herz LLP<\/a>  announces that a federal securities class action lawsuit has been filed in the United States District Court for the Southern District of Ohio on behalf of investors that purchased Root, Inc. (NASDAQ: ROOT) securities between October 28, 2020 and March 8, 2021, both dates inclusive (the \u201cClass Period\u201d); and\/or Root Class A common stock pursuant and\/or traceable to the offering documents issued in connection with the Company\u2019s initial public offering conducted on or about October 28, 2020 (the \u201cIPO\u201d or \u201cOffering\u201d).<\/p>\n<p align=\"justify\">\n        <strong>All investors who purchased shares of <\/strong><br \/>\n        <strong>and incurred losses are urged to contact the firm immediately at <\/strong><br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=5eEnHAR2-UnuVdo857woV7AclWHXogMYh--8w6y1ELfTsId0Orfzk898jFcNFh6TDSlfrQGnYg--pDmvIOjzusJV9gVeTMhKxxI3VdDgwL8=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><br \/>\n          <strong>classmember@whafh.com<\/strong><br \/>\n        <\/a><br \/>\n        <strong> or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action or <\/strong><br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=sVbK7yrUANUc64we5euMz547-s0miT6WImk_km8SAaJFQyXJ6ZMm_fwyf0ue5HtyXk_LJ8_xO_urDzpV6YBYrRwEC5igRCKUxo-8z6is9rs=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><br \/>\n          <strong>join the case<\/strong><br \/>\n        <\/a><br \/>\n        <strong> on our website, <\/strong><br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=HMNKo1qCTQzwfE-Kz1ToBMUjMUzBFY1ghF2TphwEMfS_m2ZNulFzK3y3rSUexJuS1F7Ie5u4Qy4CyEBWXzLnAs7bWoevl6ccmjOuiu41-YY=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><br \/>\n          <strong>www.whafh.com<\/strong><br \/>\n        <\/a><br \/>\n        <strong>.<\/strong>\n      <\/p>\n<p align=\"justify\">If you have incurred losses in the shares of Root, Inc., <strong>you may,<\/strong><strong>no later than May 18, 2021, <\/strong>request that the Court appoint you lead plaintiff of the proposed class.\u00a0\u00a0 Please contact <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=1-ZhecCx2Dl2AeNb8XXA_qqRRkNndZQOCXZ8SZuhh2OgUTXJaZzokfykDBf99B706AX5C2RChUUx9KO-enXYJQ==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Wolf Haldenstein<\/a> to learn more about your rights as an investor in the shares of Root, Inc.<\/p>\n<p align=\"center\">\n        <strong>CLICK HERE TO JOIN CASE<\/strong>\n      <\/p>\n<p align=\"justify\">On October 5, 2020, Root filed a registration statement on Form S-1 with the Securities and Exchange Commission (SEC) in connection with the IPO, which, after several amendments, was declared<br \/>effective on October 27, 2020 (the \u201cRegistration Statement\u201d). On October 28, 2020, Root\u2019s underwriters conducted the IPO, selling 26.8 million shares of the Company\u2019s Class A common stock to the public at $27.00 per share for total approximate proceeds of $725 million.<\/p>\n<p>On this news, Root\u2019s stock price fell $0.18 per share, or 1.46%, to close at $12.17 per share on March 9, 2021, representing a total decline of 54.93% from the Offering price.<\/p>\n<p align=\"justify\">Wolf Haldenstein has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.<\/p>\n<p align=\"justify\">If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=1-ZhecCx2Dl2AeNb8XXA_htc5o54prM5zgVquecXiiJbGmOd_wuHhl5ZWJk9KoaFn2PkWr0dooN_FVUfhSPdcw==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Wolf Haldenstein<\/a> by telephone at (800) 575-0735, via e-mail at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=5eEnHAR2-UnuVdo857woV7AclWHXogMYh--8w6y1ELftwrzfI2EGd5Aa5zNuwRosGmJGAqVwYndhcDJfxaSnGp11-raHU7U0-2dvpRJiEZM=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">classmember@whafh.com<\/a>, or visit our website at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=PMnEOtr0uLRajEee0LhzWo2HqfD2OUtX_bmosiV2iqNuBfA1mu7TdIHLlPMk5JATwxzzrVM5ZtN6F1qna2juAz38fu-dVn0AtJ5xfRGyk6Y=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"> www.whafh.com<\/a>.<\/p>\n<p align=\"justify\">Contact:<\/p>\n<p align=\"justify\">Wolf Haldenstein Adler Freeman &amp; Herz LLP <br \/>Kevin Cooper, Esq.<br \/>Gregory Stone, Director of Case and Financial Analysis<br \/>Email: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=aNn_kMfhOgM4WmPelMJlq-pJVg5PPRihi_Ncf3hGnaUglsWILaMP6fqoWN5UJxkcbwzbAl16QdQ881Hnsum5HA==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">gstone@whafh.com<\/a>, <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=578ApK_X5Yx3Bng5AJdeUwsIArQ7ZyTskymRfnNZpycqtFbW1mInx23J0D4FzUTosvRoH-nJfrPTG3MGrvTU1fh5CHds2kmesFqnsmyOfhQ=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">kcooper@whafh.com<\/a>\u00a0or <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=5eEnHAR2-UnuVdo857woV7AclWHXogMYh--8w6y1ELfCjBauqy2KMv9j9s0MV9APwelJUZYArNAn4Vz_uZ8kUdIb7NUek2Yj4IqLIdfljac=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">classmember@whafh.com<\/a><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=80zUiel-bKIJxm0ZMZDPcnKUOclArerk2sUm2VGvspXNkGkDTJXfFrbX9NrQVJXhCT0gabY_t-R845p3umwPOA==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><br \/><\/a>Tel: (800) 575-0735 or (212) 545-4774<\/p>\n<p align=\"justify\">This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.<\/p>\n<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIwNTg4MSM0MDkwMTk0IzIwMTc2NzI=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/ee5700d3-2c6e-470b-b308-4600b77f9e03\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>LEAD PLAINTIFF DEADLINE IS MAY 18, 2021 NEW YORK, March 24, 2021 (GLOBE NEWSWIRE) &#8212; Wolf Haldenstein Adler Freeman &amp; Herz LLP announces that a federal securities class action lawsuit has been filed in the United States District Court for the Southern District of Ohio on behalf of investors that purchased Root, Inc. (NASDAQ: ROOT) securities between October 28, 2020 and March 8, 2021, both dates inclusive (the \u201cClass Period\u201d); and\/or Root Class A common stock pursuant and\/or traceable to the offering documents issued in connection with the Company\u2019s initial public offering conducted on or about October 28, 2020 (the \u201cIPO\u201d or \u201cOffering\u201d). All investors who purchased shares of and incurred losses are urged to contact the firm immediately at &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/root-inc-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-notifies-investors-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-for-the-southe\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;ROOT, INC. CLASS ACTION ALERT: Wolf Haldenstein Adler Freeman &amp; Herz LLP notifies investors that a securities class action lawsuit has been filed in the United States District Court for the Southern District of Ohio against Root, Inc.&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-464472","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ROOT, INC. CLASS ACTION ALERT: Wolf Haldenstein Adler Freeman &amp; Herz LLP notifies investors that a securities class action lawsuit has been filed in the United States District Court for the Southern District of Ohio against Root, Inc. - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/root-inc-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-notifies-investors-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-for-the-southe\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ROOT, INC. CLASS ACTION ALERT: Wolf Haldenstein Adler Freeman &amp; Herz LLP notifies investors that a securities class action lawsuit has been filed in the United States District Court for the Southern District of Ohio against Root, Inc. - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"LEAD PLAINTIFF DEADLINE IS MAY 18, 2021 NEW YORK, March 24, 2021 (GLOBE NEWSWIRE) &#8212; Wolf Haldenstein Adler Freeman &amp; Herz LLP announces that a federal securities class action lawsuit has been filed in the United States District Court for the Southern District of Ohio on behalf of investors that purchased Root, Inc. (NASDAQ: ROOT) securities between October 28, 2020 and March 8, 2021, both dates inclusive (the \u201cClass Period\u201d); and\/or Root Class A common stock pursuant and\/or traceable to the offering documents issued in connection with the Company\u2019s initial public offering conducted on or about October 28, 2020 (the \u201cIPO\u201d or \u201cOffering\u201d). All investors who purchased shares of and incurred losses are urged to contact the firm immediately at &hellip; Continue reading &quot;ROOT, INC. CLASS ACTION ALERT: Wolf Haldenstein Adler Freeman &amp; Herz LLP notifies investors that a securities class action lawsuit has been filed in the United States District Court for the Southern District of Ohio against Root, Inc.&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/root-inc-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-notifies-investors-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-for-the-southe\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-24T17:32:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIwNTg4MSM0MDkwMTk0IzIwMTc2NzI=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/root-inc-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-notifies-investors-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-for-the-southe\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/root-inc-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-notifies-investors-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-for-the-southe\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"ROOT, INC. 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CLASS ACTION ALERT: Wolf Haldenstein Adler Freeman &amp; Herz LLP notifies investors that a securities class action lawsuit has been filed in the United States District Court for the Southern District of Ohio against Root, Inc. - Market Newsdesk","og_description":"LEAD PLAINTIFF DEADLINE IS MAY 18, 2021 NEW YORK, March 24, 2021 (GLOBE NEWSWIRE) &#8212; Wolf Haldenstein Adler Freeman &amp; Herz LLP announces that a federal securities class action lawsuit has been filed in the United States District Court for the Southern District of Ohio on behalf of investors that purchased Root, Inc. (NASDAQ: ROOT) securities between October 28, 2020 and March 8, 2021, both dates inclusive (the \u201cClass Period\u201d); and\/or Root Class A common stock pursuant and\/or traceable to the offering documents issued in connection with the Company\u2019s initial public offering conducted on or about October 28, 2020 (the \u201cIPO\u201d or \u201cOffering\u201d). All investors who purchased shares of and incurred losses are urged to contact the firm immediately at &hellip; Continue reading \"ROOT, INC. CLASS ACTION ALERT: Wolf Haldenstein Adler Freeman &amp; Herz LLP notifies investors that a securities class action lawsuit has been filed in the United States District Court for the Southern District of Ohio against Root, Inc.\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/root-inc-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-notifies-investors-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-for-the-southe\/","og_site_name":"Market Newsdesk","article_published_time":"2021-03-24T17:32:16+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIwNTg4MSM0MDkwMTk0IzIwMTc2NzI=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/root-inc-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-notifies-investors-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-for-the-southe\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/root-inc-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-notifies-investors-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-for-the-southe\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"ROOT, INC. 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