{"id":689945,"date":"2022-09-28T16:34:04","date_gmt":"2022-09-28T20:34:04","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/olo-inc-investor-alert-kaplan-fox-kilsheimer-llp-notifies-olo-investors-of-a-class-action-lawsuit-and-upcoming-deadline\/"},"modified":"2022-09-28T16:34:04","modified_gmt":"2022-09-28T20:34:04","slug":"olo-inc-investor-alert-kaplan-fox-kilsheimer-llp-notifies-olo-investors-of-a-class-action-lawsuit-and-upcoming-deadline","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/olo-inc-investor-alert-kaplan-fox-kilsheimer-llp-notifies-olo-investors-of-a-class-action-lawsuit-and-upcoming-deadline\/","title":{"rendered":"OLO, INC. INVESTOR ALERT: Kaplan Fox &amp; Kilsheimer LLP Notifies Olo Investors of a Class Action Lawsuit and Upcoming Deadline"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"start\">NEW YORK, Sept.  28, 2022  (GLOBE NEWSWIRE) &#8212; Kaplan Fox &amp; Kilsheimer LLP (<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Uj36VzMhctBlrtqEiLZfyfMI2U7OwC72sqH4qYdOxkldqvDwKI15KZ-UjlosQ4ZbXJZ0GuooTBsGMPc6uSDv3aVhdj-gJ7yO1fEZGAKjO_V_6KCf_Z_ji_mMZrdHN092nU4e_p5Gjlmw53GSEgVUTbiMRkDgsHR5mM1bT5Yu-7jmAHQzPTVRG7lMuw0MpgYVnDuVlnb1HSliY5P2aRvaCw==\" rel=\"nofollow noopener\" target=\"_blank\"><u>www.kaplanfox.com<\/u><\/a>) is investigating claims on behalf of investors of Olo Inc. (\u201cOlo\u201d or the \u201cCompany\u201d) (NYSE: OLO), a company that provides an on-demand digital commerce platform for multi-location restaurant brands.<\/p>\n<p align=\"start\">\n        <strong>If you purchased or otherwise acquired Olo during the period August 11, 2021 and August 11, 2022, inclusive (the \u201cClass Period\u201d) and would like to discuss our investigation, please contact us by emailing\u00a0<\/strong><br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=cN_0btOUTNzuJDHJmEiTEijTpIPqUckFLigIVsPXSlMfXOTDAINpBtOT8si-rYn4zbqQ_b3vU5mN3Vn3c5gYD9wkd9i31gGAFPAPtwKtolk=\" rel=\"nofollow noopener\" target=\"_blank\"><br \/>\n          <strong>pmayer@kaplanfox.com<\/strong><br \/>\n        <\/a><br \/>\n        <strong>\u00a0or by calling (212) 687-1980.<\/strong><\/p>\n<p> If you are a member of the proposed Class, you may move the court\u00a0<strong>no later than November 28, 2022<\/strong>\u00a0to serve as a lead plaintiff for the purported class. You need not seek to become a lead plaintiff in order to share in any possible recovery.\u00a0<\/p>\n<p align=\"start\">In February 12, 2020, Olo published a press release announcing \u201ca partnership with\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=RCggt5-1zBJIw-ezIajHlwfbJrTrArmzMU6zhODlKTnH_a5VnmTL5QcN-HCYeQGPlWjeTWGFbehTVdJ2ArbeEno12fQhSBQ_BFOwl3eTvwU=\" rel=\"nofollow noopener\" target=\"_blank\"><u>Subway\u00ae restaurants<\/u><\/a>\u00a0to integrate digital orders directly into the restaurant\u2019s point of sale for the majority of the chain\u2019s locations.\u201d The partnership purportedly would \u201callow[s] Subway\u2019s network of more than 20,000 U.S. restaurants to more seamlessly handle digital orders from third-party marketplaces.\u201d<\/p>\n<p align=\"start\">Then, on August 11, 2022 after-market, the Company issued its results for the second quarter ending June 30, 2022. During the conference call that followed, the Company disclosed a change in its relationship with Subway that occurred in the second quarter. Specifically, Founder and CEO Noah Glass disclosed that Olo is in the process of losing its business from Subway. CEO Glass went on to explain that it had lost about 2,500 Subway locations during the second quarter that began directly integrating with marketplaces and that \u201c[w]e expect Subway\u2019s direct marketplace integration to continue with the balance of their locations being removed from our total active location count in the fourth quarter of this year or the first quarter of 2023.\u201d<\/p>\n<p align=\"start\">Following this news, the price of Olo shares plummeted by $4.73 per share, over 36%, to close at $8.26 per share on August 12, 2022.<\/p>\n<p align=\"start\">This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.<\/p>\n<p align=\"start\">Kaplan Fox is a leading national law firm focusing on complex litigation with offices in New York, San Francisco, Los Angeles, Chicago and New Jersey. With over 50 years of experience in securities litigation Kaplan Fox offers the professional experience and track record that clients demand. Through prosecuting cases on the federal and state levels, Kaplan Fox has successfully shaped the law through winning many important decisions on behalf of our clients. For more information about Kaplan Fox &amp; Kilsheimer LLP, you may visit our website at\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Uj36VzMhctBlrtqEiLZfycElpJjcZFYOL6MF0VYCTOXE5uxXD6bybgYcz8v-meXsSiaWhUYAxPIqFh16i2hwHg==\" rel=\"nofollow noopener\" target=\"_blank\"><u>www.kaplanfox.com<\/u><\/a>.<\/p>\n<p align=\"start\">If you have any questions about this investigation, your rights, or your interests, please contact:<\/p>\n<p align=\"start\">Pamela Mayer <br \/> KAPLAN FOX &amp; KILSHEIMER LLP <br \/> 850 Third Avenue, 14th Floor <br \/> New York, New York\u00a010022 <br \/> (212) 687-1980 <br \/> E-mail: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=cN_0btOUTNzuJDHJmEiTEteuMUoWt2HiaYB6Pjv0K8trFoYiiATu-bKL4PoYpeQXYz98LPyBjWveqItgV9-rzybgHGH_JXhkPd0JQmYYKEY=\" rel=\"nofollow noopener\" target=\"_blank\">pmayer@kaplanfox.com<\/a><\/p>\n<p align=\"start\">Laurence D. King <br \/> KAPLAN FOX &amp; KILSHEIMER LLP <br \/> 1999 Harrison Street, Suite 1560 <br \/> Oakland, California 94612 <br \/> (415) 772-4704 <br \/> Fax: (415) 772-4707 <br \/> E-mail:\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=IkkrGCu61uz4BQh5CTnuqOWfQiUjEW4YJXn0zSRN4oU0oaCCJKS9q69yr4Pr5VdPqyjOqff0UlyJW5ntSBCpmb-tnRFbxVrF5h0P3HMSkSQ=\" rel=\"nofollow noopener\" target=\"_blank\"><u>lking@kaplanfox.com<\/u><\/a><\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODY1NTM2OSM1MTc3NDY2IzIwMjA4OTE=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/NWRhNWZlOWYtYTZiZC00Y2MyLWFhNjUtOTIwZTRjODdjMzFmLTEwMzE5OTk=\/tiny\/Kaplan-Fox-Kilsheimer-LLP.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, Sept. 28, 2022 (GLOBE NEWSWIRE) &#8212; Kaplan Fox &amp; Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors of Olo Inc. (\u201cOlo\u201d or the \u201cCompany\u201d) (NYSE: OLO), a company that provides an on-demand digital commerce platform for multi-location restaurant brands. If you purchased or otherwise acquired Olo during the period August 11, 2021 and August 11, 2022, inclusive (the \u201cClass Period\u201d) and would like to discuss our investigation, please contact us by emailing\u00a0 pmayer@kaplanfox.com \u00a0or by calling (212) 687-1980. If you are a member of the proposed Class, you may move the court\u00a0no later than November 28, 2022\u00a0to serve as a lead plaintiff for the purported class. You need not seek to become a lead plaintiff in &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/olo-inc-investor-alert-kaplan-fox-kilsheimer-llp-notifies-olo-investors-of-a-class-action-lawsuit-and-upcoming-deadline\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;OLO, INC. INVESTOR ALERT: Kaplan Fox &amp; Kilsheimer LLP Notifies Olo Investors of a Class Action Lawsuit and Upcoming Deadline&#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-689945","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>OLO, INC. INVESTOR ALERT: Kaplan Fox &amp; Kilsheimer LLP Notifies Olo Investors of a Class Action Lawsuit and Upcoming Deadline - 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\/olo-inc-investor-alert-kaplan-fox-kilsheimer-llp-notifies-olo-investors-of-a-class-action-lawsuit-and-upcoming-deadline\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OLO, INC. INVESTOR ALERT: Kaplan Fox &amp; Kilsheimer LLP Notifies Olo Investors of a Class Action Lawsuit and Upcoming Deadline - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, Sept. 28, 2022 (GLOBE NEWSWIRE) &#8212; Kaplan Fox &amp; Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors of Olo Inc. (\u201cOlo\u201d or the \u201cCompany\u201d) (NYSE: OLO), a company that provides an on-demand digital commerce platform for multi-location restaurant brands. If you purchased or otherwise acquired Olo during the period August 11, 2021 and August 11, 2022, inclusive (the \u201cClass Period\u201d) and would like to discuss our investigation, please contact us by emailing\u00a0 pmayer@kaplanfox.com \u00a0or by calling (212) 687-1980. If you are a member of the proposed Class, you may move the court\u00a0no later than November 28, 2022\u00a0to serve as a lead plaintiff for the purported class. You need not seek to become a lead plaintiff in &hellip; Continue reading &quot;OLO, INC. 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(\u201cOlo\u201d or the \u201cCompany\u201d) (NYSE: OLO), a company that provides an on-demand digital commerce platform for multi-location restaurant brands. If you purchased or otherwise acquired Olo during the period August 11, 2021 and August 11, 2022, inclusive (the \u201cClass Period\u201d) and would like to discuss our investigation, please contact us by emailing\u00a0 pmayer@kaplanfox.com \u00a0or by calling (212) 687-1980. If you are a member of the proposed Class, you may move the court\u00a0no later than November 28, 2022\u00a0to serve as a lead plaintiff for the purported class. You need not seek to become a lead plaintiff in &hellip; Continue reading \"OLO, INC. 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