{"id":470266,"date":"2021-04-01T19:24:00","date_gmt":"2021-04-01T23:24:00","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=470266"},"modified":"2021-04-01T19:24:00","modified_gmt":"2021-04-01T23:24:00","slug":"rosen-recognized-investor-counsel-encourages-root-inc-investors-to-secure-counsel-before-important-may-18-deadline-in-securities-class-action-root","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/rosen-recognized-investor-counsel-encourages-root-inc-investors-to-secure-counsel-before-important-may-18-deadline-in-securities-class-action-root\/","title":{"rendered":"ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages Root, Inc. Investors to Secure Counsel Before Important May 18 Deadline in Securities Class Action \u2013 ROOT"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">NEW YORK, April  01, 2021  (GLOBE NEWSWIRE) &#8212; <strong>WHY: <\/strong>Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Root, Inc. (NASDAQ: ROOT) who: (1) purchased or otherwise acquired publicly traded Root securities between October 28, 2020 and March 8, 2021, inclusive (the \u201cClass Period\u201d); and\/or (2) purchased or otherwise acquired 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), of the important <strong>May 18, 2021<\/strong><strong>lead plaintiff deadline<\/strong>.<\/p>\n<p align=\"justify\">\n        <strong>SO WHAT:<\/strong> If you purchased Root securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.<\/p>\n<p align=\"justify\">\n        <strong>WHAT TO DO NEXT: <\/strong>To join the Root class action, go to <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=5Xc4QKyxDXBKusMlEy7iLFjSoyIeFMgIOySVbEskaOsRIXgV3WIQWx6a394MHElsynXZHrDdbnnZAANjQfokrVsjwYG8AMGQrw0kGbfKrAbVhj6oP6lbyUU9KTID71REqvlPT_JTJ-sHX6xlIsybcuw71UClxlRtC2nUFIW-GlI=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">http:\/\/www.rosenlegal.com\/cases-register-2061.html<\/a> or call Phillip Kim, Esq. toll-free at 866-767-3653 or email <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=evQ5cvqz2Zl0KPihcDYEQCZn8ONiWvsF4Sso69u_D9_z0u-kP6c5bzU_aIecBJNM5lsdG84f1Y2xDAPYCv1qcIWz12JUzgOWEuFrY9hhLEc=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">pkim@rosenlegal.com<\/a> or <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=tFK_qH9ub9lgZEguu0gLoWsjMuZK9GloSQXgHaS6Sv2liW9yUVj5bg5Y27wpdW71MFrdMazR2yaJF8ZpTjNXMYYiLi8jmPLDihcJJp14ONc=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">cases@rosenlegal.com<\/a> for information on the class action. If you wish to serve as lead plaintiff, you must move the Court <strong>no later than May 18, 2021<\/strong>. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.<\/p>\n<p align=\"justify\">\n        <strong>WHY ROSEN LAW: <\/strong>We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience or resources. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020 founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs\u2019 Bar. Many of the firm\u2019s attorneys have been recognized by Lawdragon and Super Lawyers.<\/p>\n<p align=\"justify\">\n        <strong>DETAILS OF THE CASE: <\/strong>According to the lawsuit, the Offering documents and defendants made false and\/or misleading statements and\/or failed to disclose that: (1) Root would foreseeably fail to generate positive cash flow for at least several years following the IPO; (2) accordingly, Root would foreseeably require significant cash infusions to meet its cash flow needs; (3) notwithstanding the defendants\u2019 touting of Root\u2019s purportedly unique, data-driven advantages, several of the Company\u2019s established industry peers in fact possessed significant competitive advantages over Root with respect to, inter alia, telematics data and data engagement; and (4) as a result, the Offering documents and defendants\u2019 public statements throughout the Class Period were materially false and\/or misleading and failed to state information required to be stated therein. When the true details entered the market, the lawsuit claims that investors suffered damages.<\/p>\n<p align=\"justify\">To join the Root class action, go to <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=5Xc4QKyxDXBKusMlEy7iLFjSoyIeFMgIOySVbEskaOsRIXgV3WIQWx6a394MHElsctirJgvjK1cTvXYIuptxFC5v91X89zV1Heh16AsCwQJNKCLvC3pK_00j2RxDBqR2yu9-Sm6FmXXDqbgWJpn50rblab2UP-PZMEfdsOt8958=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">http:\/\/www.rosenlegal.com\/cases-register-2061.html<\/a> or call Phillip Kim, Esq. toll-free at 866-767-3653 or email <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=evQ5cvqz2Zl0KPihcDYEQM_Dgn0O3sJnjmplSWMu0aq-OH9kL4Bd--8YbcqH2vA9fAf42qx9CfWawkWnG5nD6jjCJXZ3jwl2-AzNdLPX8gA=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">pkim@rosenlegal.com<\/a> or <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=tFK_qH9ub9lgZEguu0gLoeri1XOm6-JBQPeLcCJxo8wIj3WNUrybKkrZkBIRpal2Erkn0jY8lhI2BxsenGDTqQuGeWG3rPjGxEAIcxMRkvU=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">cases@rosenlegal.com<\/a> for information on the class action.<\/p>\n<p align=\"justify\">No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor\u2019s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.<\/p>\n<p align=\"justify\">Follow us for updates on LinkedIn: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=1NUojmETw6UIzWtlazFAyrA0eBIIg-9yKtdwhrDCX4P9WtyKTb5jsInjqK54-9RXArWA_XDRdmsv6vPK3J0KyfZZ-XkKEKEp-TblPirE-9WXtQz0lcxczPHjrW_BRpU8T1HIgV2MiojsMm1YOaiMWtfdckF1WspSkl7LVK_yXys=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">https:\/\/www.linkedin.com\/company\/the-rosen-law-firm<\/a> or on Twitter: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=1NUojmETw6UIzWtlazFAyrG86NsYqEZzMTBvBC0cSzvfqJWXGp4fuN4lwQaYmiP2fSXNFwM1UBjGP8XGk9O_XKbPau_Ym4V7p_t27ceZMOlkXjtPDZoO7hvlG5jU4Usi\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">https:\/\/twitter.com\/rosen_firm<\/a> or on Facebook: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=1NUojmETw6UIzWtlazFAynBkMal2kNzH1_TT1OC88heN6biQtI938V3ndaK9BD_OSfuiq77h0HrFkd2GqFVe-x37e1tAt0xqpRYdt7WoufPpITvftXQpbqMyZMo1bLCL\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">https:\/\/www.facebook.com\/rosenlawfirm<\/a>.<\/p>\n<p align=\"justify\">Attorney Advertising. Prior results do not guarantee a similar outcome.<\/p>\n<p align=\"justify\">&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;-<\/p>\n<p>Contact Information:<\/p>\n<p>Laurence Rosen, Esq.<br \/>Phillip Kim, Esq.<br \/>The Rosen Law Firm, P.A.<br \/>275 Madison Avenue, 40<sup>th<\/sup> Floor<br \/>New York, NY 10016<br \/>Tel: (212) 686-1060<br \/>Toll Free: (866) 767-3653<br \/>Fax: (212) 202-3827<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=kW7t0qagJA1n_ZUjn4sL5_AT4XSUkjwV9TFkLFe3fCH1oXuXiEqQ6RQpiQVuSfr-J4RPDznm5x0FPew4O8iHYETuyCT6tznSFW7lKgVBbX0=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">lrosen@rosenlegal.com<\/a><br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=evQ5cvqz2Zl0KPihcDYEQBuBNC9AEILrx1HK_fd4MBXp1hFMX4S2fFM5sa1OkDSjD8509WePsgps2s4VqJ3VaOwmgK7Vq9R1c4xzEvPz3To=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">pkim@rosenlegal.com<\/a><br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=tFK_qH9ub9lgZEguu0gLoYZZMaJVVytn5-yCegM6Ya_a8PaaoB0RhpEfX-sqodz4NP1QUbaGh_iEvnYNngtGbZ0jxQoVyYgb2ptQhwvQ7UM=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">cases@rosenlegal.com<\/a><br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=vVPWmhJ68-yiwTEURBZzFSLQRJVfKPHNweSSjHH6qslCapxB5vTxF4vUXGQKA0wFWTzO8mGd4LvHu0Iqayp6i1OFv5sjS0Hhc_Pd-N3k3XM=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.rosenlegal.com<\/a><\/p>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIxMDYwMiM0MTAzMzY0IzIwMjA0MTE=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/e9751a8b-cb1b-4e5e-a1cd-6b27a8c97ac7\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, April 01, 2021 (GLOBE NEWSWIRE) &#8212; WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Root, Inc. (NASDAQ: ROOT) who: (1) purchased or otherwise acquired publicly traded Root securities between October 28, 2020 and March 8, 2021, inclusive (the \u201cClass Period\u201d); and\/or (2) purchased or otherwise acquired 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), of the important May 18, 2021lead plaintiff deadline. SO WHAT: If you purchased Root securities during the Class Period you may be entitled to compensation without payment of any out of pocket &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/rosen-recognized-investor-counsel-encourages-root-inc-investors-to-secure-counsel-before-important-may-18-deadline-in-securities-class-action-root\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages Root, Inc. Investors to Secure Counsel Before Important May 18 Deadline in Securities Class Action \u2013 ROOT&#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-470266","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>ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages Root, Inc. Investors to Secure Counsel Before Important May 18 Deadline in Securities Class Action \u2013 ROOT - 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\/rosen-recognized-investor-counsel-encourages-root-inc-investors-to-secure-counsel-before-important-may-18-deadline-in-securities-class-action-root\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages Root, Inc. Investors to Secure Counsel Before Important May 18 Deadline in Securities Class Action \u2013 ROOT - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, April 01, 2021 (GLOBE NEWSWIRE) &#8212; WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Root, Inc. (NASDAQ: ROOT) who: (1) purchased or otherwise acquired publicly traded Root securities between October 28, 2020 and March 8, 2021, inclusive (the \u201cClass Period\u201d); and\/or (2) purchased or otherwise acquired 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), of the important May 18, 2021lead plaintiff deadline. SO WHAT: If you purchased Root securities during the Class Period you may be entitled to compensation without payment of any out of pocket &hellip; Continue reading &quot;ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages Root, Inc. Investors to Secure Counsel Before Important May 18 Deadline in Securities Class Action \u2013 ROOT&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/rosen-recognized-investor-counsel-encourages-root-inc-investors-to-secure-counsel-before-important-may-18-deadline-in-securities-class-action-root\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-01T23:24:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIxMDYwMiM0MTAzMzY0IzIwMjA0MTE=\" \/>\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=\"3 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\\\/rosen-recognized-investor-counsel-encourages-root-inc-investors-to-secure-counsel-before-important-may-18-deadline-in-securities-class-action-root\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rosen-recognized-investor-counsel-encourages-root-inc-investors-to-secure-counsel-before-important-may-18-deadline-in-securities-class-action-root\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages Root, Inc. 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Investors to Secure Counsel Before Important May 18 Deadline in Securities Class Action \u2013 ROOT - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/rosen-recognized-investor-counsel-encourages-root-inc-investors-to-secure-counsel-before-important-may-18-deadline-in-securities-class-action-root\/","og_locale":"en_US","og_type":"article","og_title":"ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages Root, Inc. Investors to Secure Counsel Before Important May 18 Deadline in Securities Class Action \u2013 ROOT - Market Newsdesk","og_description":"NEW YORK, April 01, 2021 (GLOBE NEWSWIRE) &#8212; WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Root, Inc. (NASDAQ: ROOT) who: (1) purchased or otherwise acquired publicly traded Root securities between October 28, 2020 and March 8, 2021, inclusive (the \u201cClass Period\u201d); and\/or (2) purchased or otherwise acquired 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), of the important May 18, 2021lead plaintiff deadline. SO WHAT: If you purchased Root securities during the Class Period you may be entitled to compensation without payment of any out of pocket &hellip; Continue reading \"ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages Root, Inc. Investors to Secure Counsel Before Important May 18 Deadline in Securities Class Action \u2013 ROOT\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/rosen-recognized-investor-counsel-encourages-root-inc-investors-to-secure-counsel-before-important-may-18-deadline-in-securities-class-action-root\/","og_site_name":"Market Newsdesk","article_published_time":"2021-04-01T23:24:00+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIxMDYwMiM0MTAzMzY0IzIwMjA0MTE=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rosen-recognized-investor-counsel-encourages-root-inc-investors-to-secure-counsel-before-important-may-18-deadline-in-securities-class-action-root\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rosen-recognized-investor-counsel-encourages-root-inc-investors-to-secure-counsel-before-important-may-18-deadline-in-securities-class-action-root\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages Root, Inc. 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