{"id":499754,"date":"2021-05-28T09:39:08","date_gmt":"2021-05-28T13:39:08","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-alerts-contextlogic-wish-investors-to-securities-fraud-lawsuit-encourages-investors-with-significant-losses-to-contact-its-attorneys-now\/"},"modified":"2021-05-28T09:39:08","modified_gmt":"2021-05-28T13:39:08","slug":"hagens-berman-alerts-contextlogic-wish-investors-to-securities-fraud-lawsuit-encourages-investors-with-significant-losses-to-contact-its-attorneys-now","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-alerts-contextlogic-wish-investors-to-securities-fraud-lawsuit-encourages-investors-with-significant-losses-to-contact-its-attorneys-now\/","title":{"rendered":"HAGENS BERMAN Alerts ContextLogic (WISH) Investors to Securities Fraud Lawsuit, Encourages Investors with Significant Losses to Contact Its Attorneys Now"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">SAN FRANCISCO, May  28, 2021  (GLOBE NEWSWIRE) &#8212; Hagens Berman urges ContextLogic Inc. <strong>(NASDAQ: WISH)<\/strong> investors with significant losses to <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Noypj-YZh2bzEhjEwfqd7ntqQ76MzSfS2NdCae_arAHtf_kXXjUqbIlh7TFMqidG0_qbH5WwhKrQG253k1jW4yVdWSlO0xJVK030lb1hnRIF-WOvfKYi-5ePWV7e8OTs\" rel=\"nofollow noopener\" target=\"_blank\">submit your losses now<\/a>. A securities class action is pending and certain investors who purchased shares in the company\u2019s December 2020 IPO or on the open market may have valuable claims.<\/p>\n<p align=\"justify\">\n        <strong>Class Period: <\/strong>Dec. 16, 2020 \u2013 May 12, 2021<br \/><strong>Lead Plaintiff Deadline: <\/strong>July 16, 2021<br \/><strong>Visit:<\/strong><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=QFFI5nJjSduhJ1JmPBIWJ_m0EUTLLvMxuMpZ5nx8vxlYkYic7hhyvHc-1IFWimdU-qNGV_7Kx_M6jXKVNxNS-pka8ra4igO6SWB_iYyH57jXQkC3zdVl8KylWe6J1jhq0fyiNmBMcq_oYHuzFv6Deg==\" rel=\"nofollow noopener\" target=\"_blank\">www.hbsslaw.com\/investor-fraud\/WISH<\/a><br \/><strong>Contact An Attorney Now:<\/strong><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=VSvIuyNuCcl76PqoBSA8565KIRoDqWZlos3wkpJ2TADxLdCzV-LVu99qPrNTt9n7WAoSTYZYXcX7Psvq4Yq-Yw==\" rel=\"nofollow noopener\" target=\"_blank\">WISH@hbsslaw.com<\/a><br \/>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0<strong>844-916-0895<\/strong><\/p>\n<p align=\"justify\">\n        <strong>ContextLogic Inc. (NASDAQ: WISH) Securities Class Action: <\/strong>\n      <\/p>\n<p align=\"justify\">The complaint alleges that ContextLogic\u2019s IPO registration documents materially overstated the company\u2019s business metrics and financial prospects. Specifically, the IPO registration documents touted ContextLogic\u2019s exponential monthly active user (MAUs) growth, claiming its then108 million MAUs was a key driver of revenue growth.<\/p>\n<p align=\"justify\">In reality, by the time of its December 2020 IPO, ContextLogic\u2019s MAUs had declined materially and the IPO registration documents failed to disclose this known trend reasonably likely to materially impact ContextLogic\u2019s profitability.<\/p>\n<p align=\"justify\">On Mar. 8, 2021, Context reported disappointing 4Q 2020 and full year 2020 results, disclosing its MAUs had already \u201cdeclined 10% YoY during Q4 to 104 million.\u201d<\/p>\n<p align=\"justify\">Then, on May 12, 2021, ContextLogic announced poor Q1 2021 results, including another 7% drop in MAUs to just 101 million, and the company slashed sales guidance for Q2 2021.<\/p>\n<p align=\"justify\">These disclosures caused the price of WISH shares to decline sharply.<\/p>\n<p align=\"justify\">\u201cWe\u2019re focused on investors\u2019 losses and proving ContextLogic overstated MAUs and concealed known trends,\u201d said Reed Kathrein, the Hagens Berman partner leading the investigation.<\/p>\n<p align=\"justify\">If you are a ContextLogic investor and have significant losses, or have knowledge that may assist the firm\u2019s investigation, <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Mq0vXr7eU8LhOBuDWVTfkD-0Wa0lTJWF5jL-Fqe32TD769OLYBp4Q25SXq3sqbV3D7awcjFYCmSNAoP7imvOTDM5sG0jH999M8R4Ri-dvsoE01nIPLQw5LEKNVyyI3UFR_3Qm-GOGtoj5E2rl_x0SoxNftgC3MxSpxf4lTm-YUA=\" rel=\"nofollow noopener\" target=\"_blank\">click here to discuss your legal rights with Hagens Berman<\/a>.<\/p>\n<p align=\"justify\">\n        <strong>Whistleblowers: <\/strong>Persons with non-public information regarding ContextLogic should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at <strong>844-916-0895<\/strong> or email <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=VSvIuyNuCcl76PqoBSA85-CO_4WUMzuQaFEDZY5OQUC5zigbrvjyVefwu6Ua-FkqSkwXhuDR-DPdSYZxD27PWw==\" rel=\"nofollow noopener\" target=\"_blank\">WISH@hbsslaw.com<\/a>.<\/p>\n<p align=\"justify\">\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=n_fqhB_rzoavqXbrGAWA6wrKiTAah1fCg6WXxdon9Z7eU1D0QczzEERh5v6cok2fkGeYtwhtRQR2KBUP49a-TVHRsHU1NDrgC0-q_oL2Ceg=\" rel=\"nofollow noopener\" target=\"_blank\"><br \/>\n          <u>About Hagens Berman<\/u><br \/>\n        <\/a><br \/>\n        <br \/>Hagens Berman is a national law firm with eight offices in eight cities around the country and over eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation.\u00a0\u00a0 More about the firm and its successes is located at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=VX31M5iGGKs45zsbDYX7weAoI8tWQj_1le5aQnF9PYljFGHTsVc89O6qcYPB714g877WXetpyFc0gblMNdieAw==\" rel=\"nofollow noopener\" target=\"_blank\">hbsslaw.com<\/a>. For the latest news visit our <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=DyqKCPL2MPgVt55yTEREXgQnmfAG2oe-GhEuuZRI6H7zokU8hBK7HRPxOCPCbCSF31cCDjrdOltXf25fKRynT4H4jFA0datJWaU8xR-p1bI=\" rel=\"nofollow noopener\" target=\"_blank\"><u>newsroom<\/u><\/a> or follow us on Twitter at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Arq6np_Sm-A4zubja7GvwgekXdHof4MfCl5FFEESuT50wdSIcsTgU5eZ-MzYrI51PXIJ1eWkXvX3kEfrlB1XE5NAIUDa7sANy2Uw7gSIAVc=\" rel=\"nofollow noopener\" target=\"_blank\"><u>@classactionlaw<\/u><\/a>.<\/p>\n<p align=\"justify\">\n        <u>Contact: <\/u><br \/>\n        <br \/>Reed Kathrein, 844-916-0895<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI0NDg5MSM0MjA2ODYxIzIwMTg1MzI=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/ee7ef5c6-184f-418d-915c-f52cbc5e20dd\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>SAN FRANCISCO, May 28, 2021 (GLOBE NEWSWIRE) &#8212; Hagens Berman urges ContextLogic Inc. (NASDAQ: WISH) investors with significant losses to submit your losses now. A securities class action is pending and certain investors who purchased shares in the company\u2019s December 2020 IPO or on the open market may have valuable claims. Class Period: Dec. 16, 2020 \u2013 May 12, 2021Lead Plaintiff Deadline: July 16, 2021Visit:www.hbsslaw.com\/investor-fraud\/WISHContact An Attorney Now:WISH@hbsslaw.com\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0844-916-0895 ContextLogic Inc. (NASDAQ: WISH) Securities Class Action: The complaint alleges that ContextLogic\u2019s IPO registration documents materially overstated the company\u2019s business metrics and financial prospects. Specifically, the IPO registration documents touted &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-alerts-contextlogic-wish-investors-to-securities-fraud-lawsuit-encourages-investors-with-significant-losses-to-contact-its-attorneys-now\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;HAGENS BERMAN Alerts ContextLogic (WISH) Investors to Securities Fraud Lawsuit, Encourages Investors with Significant Losses to Contact Its Attorneys Now&#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-499754","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>HAGENS BERMAN Alerts ContextLogic (WISH) Investors to Securities Fraud Lawsuit, Encourages Investors with Significant Losses to Contact Its Attorneys Now - 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\/hagens-berman-alerts-contextlogic-wish-investors-to-securities-fraud-lawsuit-encourages-investors-with-significant-losses-to-contact-its-attorneys-now\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HAGENS BERMAN Alerts ContextLogic (WISH) Investors to Securities Fraud Lawsuit, Encourages Investors with Significant Losses to Contact Its Attorneys Now - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SAN FRANCISCO, May 28, 2021 (GLOBE NEWSWIRE) &#8212; Hagens Berman urges ContextLogic Inc. (NASDAQ: WISH) investors with significant losses to submit your losses now. A securities class action is pending and certain investors who purchased shares in the company\u2019s December 2020 IPO or on the open market may have valuable claims. Class Period: Dec. 16, 2020 \u2013 May 12, 2021Lead Plaintiff Deadline: July 16, 2021Visit:www.hbsslaw.com\/investor-fraud\/WISHContact An Attorney Now:WISH@hbsslaw.com\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0844-916-0895 ContextLogic Inc. (NASDAQ: WISH) Securities Class Action: The complaint alleges that ContextLogic\u2019s IPO registration documents materially overstated the company\u2019s business metrics and financial prospects. Specifically, the IPO registration documents touted &hellip; Continue reading &quot;HAGENS BERMAN Alerts ContextLogic (WISH) Investors to Securities Fraud Lawsuit, Encourages Investors with Significant Losses to Contact Its Attorneys Now&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-alerts-contextlogic-wish-investors-to-securities-fraud-lawsuit-encourages-investors-with-significant-losses-to-contact-its-attorneys-now\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-28T13:39:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI0NDg5MSM0MjA2ODYxIzIwMTg1MzI=\" \/>\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\\\/hagens-berman-alerts-contextlogic-wish-investors-to-securities-fraud-lawsuit-encourages-investors-with-significant-losses-to-contact-its-attorneys-now\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hagens-berman-alerts-contextlogic-wish-investors-to-securities-fraud-lawsuit-encourages-investors-with-significant-losses-to-contact-its-attorneys-now\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"HAGENS BERMAN Alerts ContextLogic (WISH) Investors to Securities Fraud Lawsuit, Encourages Investors with Significant Losses to Contact Its Attorneys Now\",\"datePublished\":\"2021-05-28T13:39:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hagens-berman-alerts-contextlogic-wish-investors-to-securities-fraud-lawsuit-encourages-investors-with-significant-losses-to-contact-its-attorneys-now\\\/\"},\"wordCount\":416,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hagens-berman-alerts-contextlogic-wish-investors-to-securities-fraud-lawsuit-encourages-investors-with-significant-losses-to-contact-its-attorneys-now\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODI0NDg5MSM0MjA2ODYxIzIwMTg1MzI=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hagens-berman-alerts-contextlogic-wish-investors-to-securities-fraud-lawsuit-encourages-investors-with-significant-losses-to-contact-its-attorneys-now\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hagens-berman-alerts-contextlogic-wish-investors-to-securities-fraud-lawsuit-encourages-investors-with-significant-losses-to-contact-its-attorneys-now\\\/\",\"name\":\"HAGENS BERMAN Alerts ContextLogic (WISH) Investors to Securities Fraud Lawsuit, Encourages Investors with Significant Losses to Contact Its Attorneys Now - 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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\/hagens-berman-alerts-contextlogic-wish-investors-to-securities-fraud-lawsuit-encourages-investors-with-significant-losses-to-contact-its-attorneys-now\/","og_locale":"en_US","og_type":"article","og_title":"HAGENS BERMAN Alerts ContextLogic (WISH) Investors to Securities Fraud Lawsuit, Encourages Investors with Significant Losses to Contact Its Attorneys Now - Market Newsdesk","og_description":"SAN FRANCISCO, May 28, 2021 (GLOBE NEWSWIRE) &#8212; Hagens Berman urges ContextLogic Inc. (NASDAQ: WISH) investors with significant losses to submit your losses now. A securities class action is pending and certain investors who purchased shares in the company\u2019s December 2020 IPO or on the open market may have valuable claims. Class Period: Dec. 16, 2020 \u2013 May 12, 2021Lead Plaintiff Deadline: July 16, 2021Visit:www.hbsslaw.com\/investor-fraud\/WISHContact An Attorney Now:WISH@hbsslaw.com\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0844-916-0895 ContextLogic Inc. (NASDAQ: WISH) Securities Class Action: The complaint alleges that ContextLogic\u2019s IPO registration documents materially overstated the company\u2019s business metrics and financial prospects. Specifically, the IPO registration documents touted &hellip; Continue reading \"HAGENS BERMAN Alerts ContextLogic (WISH) Investors to Securities Fraud Lawsuit, Encourages Investors with Significant Losses to Contact Its Attorneys Now\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-alerts-contextlogic-wish-investors-to-securities-fraud-lawsuit-encourages-investors-with-significant-losses-to-contact-its-attorneys-now\/","og_site_name":"Market Newsdesk","article_published_time":"2021-05-28T13:39:08+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI0NDg5MSM0MjA2ODYxIzIwMTg1MzI=","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\/hagens-berman-alerts-contextlogic-wish-investors-to-securities-fraud-lawsuit-encourages-investors-with-significant-losses-to-contact-its-attorneys-now\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-alerts-contextlogic-wish-investors-to-securities-fraud-lawsuit-encourages-investors-with-significant-losses-to-contact-its-attorneys-now\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"HAGENS BERMAN Alerts ContextLogic (WISH) Investors to Securities Fraud Lawsuit, Encourages Investors with Significant Losses to Contact Its Attorneys Now","datePublished":"2021-05-28T13:39:08+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-alerts-contextlogic-wish-investors-to-securities-fraud-lawsuit-encourages-investors-with-significant-losses-to-contact-its-attorneys-now\/"},"wordCount":416,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-alerts-contextlogic-wish-investors-to-securities-fraud-lawsuit-encourages-investors-with-significant-losses-to-contact-its-attorneys-now\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI0NDg5MSM0MjA2ODYxIzIwMTg1MzI=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-alerts-contextlogic-wish-investors-to-securities-fraud-lawsuit-encourages-investors-with-significant-losses-to-contact-its-attorneys-now\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-alerts-contextlogic-wish-investors-to-securities-fraud-lawsuit-encourages-investors-with-significant-losses-to-contact-its-attorneys-now\/","name":"HAGENS BERMAN Alerts ContextLogic (WISH) Investors to Securities Fraud Lawsuit, Encourages Investors with Significant Losses to Contact Its Attorneys Now - 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