{"id":796554,"date":"2024-12-20T14:38:12","date_gmt":"2024-12-20T19:38:12","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/investigation-alert-nasdaq-adbe-dicello-levitt-llp-is-investigating-investor-claims-against-adobe-inc-and-encourages-adbe-investors-with-losses-to-contact-the-firm\/"},"modified":"2024-12-20T14:38:12","modified_gmt":"2024-12-20T19:38:12","slug":"investigation-alert-nasdaq-adbe-dicello-levitt-llp-is-investigating-investor-claims-against-adobe-inc-and-encourages-adbe-investors-with-losses-to-contact-the-firm","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/investigation-alert-nasdaq-adbe-dicello-levitt-llp-is-investigating-investor-claims-against-adobe-inc-and-encourages-adbe-investors-with-losses-to-contact-the-firm\/","title":{"rendered":"INVESTIGATION ALERT (NASDAQ: ADBE): DiCello Levitt LLP Is Investigating Investor Claims Against Adobe, Inc. and Encourages ADBE Investors with Losses to Contact the Firm"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">SAN DIEGO, Dec.  20, 2024  (GLOBE NEWSWIRE) &#8212; DiCello Levitt LLP announces that it is investigating whether Adobe, Inc. (\u201cAdobe\u201d or the \u201cCompany\u201d) (NASDAQ: ADBE) violated the federal securities laws, issued false and\/or misleading statements, and\/or failed to disclose information required to be disclosed to investors.<\/p>\n<p align=\"justify\">Investors who purchased Adobe securities from September 2022 to the present and those with information about the allegations are encouraged to obtain additional information and assist the firm\u2019s investigation by contacting DiCello Levitt attorneys Brian O\u2019Mara or Hani Farah by calling (888) 287-9005 or emailing <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=sdmUhqRL14sK0YjhGgWKwMyJS0WHWRF8eS7PSa5_CfPYU5tuHnMCegyWQSojUXJuv06NmaWIR0UC8cxRdAsxN3y_wly_CDJEZuMC5j-gdEIqoi9S04zrSyd-qV93FA-m\" rel=\"nofollow\" target=\"_blank\">investors@dicellolevitt.com<\/a>.<\/p>\n<p align=\"justify\">No Case Has Been Filed and No Class Has Been Certified. Until a case is filed and a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice.<\/p>\n<p>\n        <strong>Investigation Details:<\/strong>\n      <\/p>\n<p align=\"justify\">Adobe is one of the largest software companies in the world, offering software products used by creative professionals, businesses, and other consumers. DiCello Levitt is investigating whether the Company made false and misleading statements regarding Adobe\u2019s efforts to monetize artificial intelligence (\u201cAI\u201d). \u00a0\u00a0<\/p>\n<p align=\"justify\">On December 11, 2024, Adobe announced financial results for fiscal year (\u201cFY\u201d) 2024 and issued disappointing guidance for FY 2025. In response to the announcement, more than a dozen securities analysts cut their price targets for Adobe stock due to the Company\u2019s apparent failure to monetize AI. For example, UBS wrote that \u201c<strong><em>Adobe\u2019s been pushing an AI narrative for 2 years now and we still see no evidence of monetization<\/em><\/strong>.\u201d Similarly, KeyBanc Capital Markets stated that \u201c[t]he results in the quarter were more of the same that has vexed investors throughout 2024,\u201d adding that \u201cAI monetization continues to get kicked further and further down the road.\u201d<\/p>\n<p align=\"justify\">On this news, the price of Adobe common stock fell $75.30 per share, from a closing price of $549.93 per share on December 11, 2024, to a closing price of $474.63 per share on December 12, 2024, a decline of 13.7% on heavy volume.<\/p>\n<p>\n        <strong>About DiCello Levitt:<\/strong>\n      <\/p>\n<p align=\"justify\">At DiCello Levitt, we are dedicated to achieving justice for our clients through class action, business-to-business, public client, whistleblower, personal injury, civil and human rights, and mass tort litigation. Our lawyers are highly respected for their ability to litigate and win cases \u2013 whether by trial, settlement, or otherwise \u2013 for people who have suffered harm, global corporations that have sustained significant economic losses, and public clients seeking to protect their citizens\u2019 rights and interests. Every day, we put our reputations \u2013 and our capital \u2013 on the line for our clients.<\/p>\n<p align=\"justify\">DiCello Levitt has achieved top recognition as Plaintiffs Firm of the Year and Trial Innovation Firm of the Year by the <em>National Law Journal<\/em>, in addition to its top-tier <em>Chambers<\/em> and <em>Benchmark<\/em> ratings. The <em>New York Law Journal<\/em> also recently recognized DiCello Levitt as a Distinguished Leader in trial innovation. For more information about the firm, including recent trial victories and case resolutions, please visit www.dicellolevitt.com.<\/p>\n<p align=\"justify\">Attorney Advertising. Prior results do not guarantee a similar outcome.<\/p>\n<p>\n        <strong>Media Contact<\/strong>\n      <\/p>\n<p align=\"justify\">Amy Coker<br \/>4747 Executive Drive, Suite 240<br \/>San Diego, CA 92121<br \/>619-963-2426<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=sdmUhqRL14sK0YjhGgWKwMyJS0WHWRF8eS7PSa5_CfM4Je7ZLt72AjWewwjqUawKqq2RSvgfAPm9893Gmu49x3ipPid8FHBzqhl47-556rDwNfSnbqSu9BFbf6678hbB\" rel=\"nofollow\" target=\"_blank\">investors@dicellolevitt.com<\/a><\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTMyMjgwNSM2NjQ3NjcxIzIyNzUwODI=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/NGZjYWFiYTctYTJlMS00NTM3LWJhMTktY2RjYTJiZjU0Mjg4LTEyODY2MzI=\/tiny\/DiCello-Levitt-LLP.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>SAN DIEGO, Dec. 20, 2024 (GLOBE NEWSWIRE) &#8212; DiCello Levitt LLP announces that it is investigating whether Adobe, Inc. (\u201cAdobe\u201d or the \u201cCompany\u201d) (NASDAQ: ADBE) violated the federal securities laws, issued false and\/or misleading statements, and\/or failed to disclose information required to be disclosed to investors. Investors who purchased Adobe securities from September 2022 to the present and those with information about the allegations are encouraged to obtain additional information and assist the firm\u2019s investigation by contacting DiCello Levitt attorneys Brian O\u2019Mara or Hani Farah by calling (888) 287-9005 or emailing investors@dicellolevitt.com. No Case Has Been Filed and No Class Has Been Certified. Until a case is filed and a class is certified, you are not represented by counsel unless &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/investigation-alert-nasdaq-adbe-dicello-levitt-llp-is-investigating-investor-claims-against-adobe-inc-and-encourages-adbe-investors-with-losses-to-contact-the-firm\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;INVESTIGATION ALERT (NASDAQ: ADBE): DiCello Levitt LLP Is Investigating Investor Claims Against Adobe, Inc. and Encourages ADBE Investors with Losses to Contact the Firm&#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-796554","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>INVESTIGATION ALERT (NASDAQ: ADBE): DiCello Levitt LLP Is Investigating Investor Claims Against Adobe, Inc. and Encourages ADBE Investors with Losses to Contact the Firm - 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\/investigation-alert-nasdaq-adbe-dicello-levitt-llp-is-investigating-investor-claims-against-adobe-inc-and-encourages-adbe-investors-with-losses-to-contact-the-firm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"INVESTIGATION ALERT (NASDAQ: ADBE): DiCello Levitt LLP Is Investigating Investor Claims Against Adobe, Inc. and Encourages ADBE Investors with Losses to Contact the Firm - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SAN DIEGO, Dec. 20, 2024 (GLOBE NEWSWIRE) &#8212; DiCello Levitt LLP announces that it is investigating whether Adobe, Inc. (\u201cAdobe\u201d or the \u201cCompany\u201d) (NASDAQ: ADBE) violated the federal securities laws, issued false and\/or misleading statements, and\/or failed to disclose information required to be disclosed to investors. Investors who purchased Adobe securities from September 2022 to the present and those with information about the allegations are encouraged to obtain additional information and assist the firm\u2019s investigation by contacting DiCello Levitt attorneys Brian O\u2019Mara or Hani Farah by calling (888) 287-9005 or emailing investors@dicellolevitt.com. No Case Has Been Filed and No Class Has Been Certified. Until a case is filed and a class is certified, you are not represented by counsel unless &hellip; Continue reading &quot;INVESTIGATION ALERT (NASDAQ: ADBE): DiCello Levitt LLP Is Investigating Investor Claims Against Adobe, Inc. and Encourages ADBE Investors with Losses to Contact the Firm&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/investigation-alert-nasdaq-adbe-dicello-levitt-llp-is-investigating-investor-claims-against-adobe-inc-and-encourages-adbe-investors-with-losses-to-contact-the-firm\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-20T19:38:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTMyMjgwNSM2NjQ3NjcxIzIyNzUwODI=\" \/>\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\\\/investigation-alert-nasdaq-adbe-dicello-levitt-llp-is-investigating-investor-claims-against-adobe-inc-and-encourages-adbe-investors-with-losses-to-contact-the-firm\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investigation-alert-nasdaq-adbe-dicello-levitt-llp-is-investigating-investor-claims-against-adobe-inc-and-encourages-adbe-investors-with-losses-to-contact-the-firm\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"INVESTIGATION ALERT (NASDAQ: ADBE): DiCello Levitt LLP Is Investigating Investor Claims Against Adobe, Inc. and Encourages ADBE Investors with Losses to Contact the Firm\",\"datePublished\":\"2024-12-20T19:38:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investigation-alert-nasdaq-adbe-dicello-levitt-llp-is-investigating-investor-claims-against-adobe-inc-and-encourages-adbe-investors-with-losses-to-contact-the-firm\\\/\"},\"wordCount\":524,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investigation-alert-nasdaq-adbe-dicello-levitt-llp-is-investigating-investor-claims-against-adobe-inc-and-encourages-adbe-investors-with-losses-to-contact-the-firm\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTMyMjgwNSM2NjQ3NjcxIzIyNzUwODI=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investigation-alert-nasdaq-adbe-dicello-levitt-llp-is-investigating-investor-claims-against-adobe-inc-and-encourages-adbe-investors-with-losses-to-contact-the-firm\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investigation-alert-nasdaq-adbe-dicello-levitt-llp-is-investigating-investor-claims-against-adobe-inc-and-encourages-adbe-investors-with-losses-to-contact-the-firm\\\/\",\"name\":\"INVESTIGATION ALERT (NASDAQ: ADBE): DiCello Levitt LLP Is Investigating Investor Claims Against Adobe, Inc. and Encourages ADBE Investors with Losses to Contact the Firm - 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(\u201cAdobe\u201d or the \u201cCompany\u201d) (NASDAQ: ADBE) violated the federal securities laws, issued false and\/or misleading statements, and\/or failed to disclose information required to be disclosed to investors. Investors who purchased Adobe securities from September 2022 to the present and those with information about the allegations are encouraged to obtain additional information and assist the firm\u2019s investigation by contacting DiCello Levitt attorneys Brian O\u2019Mara or Hani Farah by calling (888) 287-9005 or emailing investors@dicellolevitt.com. No Case Has Been Filed and No Class Has Been Certified. Until a case is filed and a class is certified, you are not represented by counsel unless &hellip; Continue reading \"INVESTIGATION ALERT (NASDAQ: ADBE): DiCello Levitt LLP Is Investigating Investor Claims Against Adobe, Inc. and Encourages ADBE Investors with Losses to Contact the Firm\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/investigation-alert-nasdaq-adbe-dicello-levitt-llp-is-investigating-investor-claims-against-adobe-inc-and-encourages-adbe-investors-with-losses-to-contact-the-firm\/","og_site_name":"Market Newsdesk","article_published_time":"2024-12-20T19:38:12+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTMyMjgwNSM2NjQ3NjcxIzIyNzUwODI=","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\/investigation-alert-nasdaq-adbe-dicello-levitt-llp-is-investigating-investor-claims-against-adobe-inc-and-encourages-adbe-investors-with-losses-to-contact-the-firm\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investigation-alert-nasdaq-adbe-dicello-levitt-llp-is-investigating-investor-claims-against-adobe-inc-and-encourages-adbe-investors-with-losses-to-contact-the-firm\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"INVESTIGATION ALERT (NASDAQ: ADBE): DiCello Levitt LLP Is Investigating Investor Claims Against Adobe, Inc. and Encourages ADBE Investors with Losses to Contact the Firm","datePublished":"2024-12-20T19:38:12+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investigation-alert-nasdaq-adbe-dicello-levitt-llp-is-investigating-investor-claims-against-adobe-inc-and-encourages-adbe-investors-with-losses-to-contact-the-firm\/"},"wordCount":524,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investigation-alert-nasdaq-adbe-dicello-levitt-llp-is-investigating-investor-claims-against-adobe-inc-and-encourages-adbe-investors-with-losses-to-contact-the-firm\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTMyMjgwNSM2NjQ3NjcxIzIyNzUwODI=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investigation-alert-nasdaq-adbe-dicello-levitt-llp-is-investigating-investor-claims-against-adobe-inc-and-encourages-adbe-investors-with-losses-to-contact-the-firm\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/investigation-alert-nasdaq-adbe-dicello-levitt-llp-is-investigating-investor-claims-against-adobe-inc-and-encourages-adbe-investors-with-losses-to-contact-the-firm\/","name":"INVESTIGATION ALERT (NASDAQ: ADBE): DiCello Levitt LLP Is Investigating Investor Claims Against Adobe, Inc. and Encourages ADBE Investors with Losses to Contact the Firm - 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