{"id":994226,"date":"2026-08-12T11:22:27","date_gmt":"2026-08-12T15:22:27","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/wix-shareholder-alert-investors-with-losses-may-seek-to-lead-the-class-action-in-wix-com-ltd-securities-lawsuit-contact-levi-korsinsky\/"},"modified":"2026-08-12T11:22:27","modified_gmt":"2026-08-12T15:22:27","slug":"wix-shareholder-alert-investors-with-losses-may-seek-to-lead-the-class-action-in-wix-com-ltd-securities-lawsuit-contact-levi-korsinsky","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/wix-shareholder-alert-investors-with-losses-may-seek-to-lead-the-class-action-in-wix-com-ltd-securities-lawsuit-contact-levi-korsinsky\/","title":{"rendered":"WIX Shareholder Alert: Investors With Losses May Seek to Lead the Class Action in Wix.com Ltd. Securities Lawsuit – Contact Levi & Korsinsky"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n Nir Zohar’s potential liability is in focus after allegations that Wix.com Ltd. overstated AI product competitiveness while investors allegedly<\/span> suffered a $126.42 per-share decline. This release focuses on the Company President’s alleged<\/span> role in challenged statements concerning AI demand, product innovation, and Base44 momentum.<\/i>\n <\/p>\n

\n NEW YORK<\/span>, Aug. 12, 2026<\/span> \/PRNewswire\/ — Levi &\u00a0Korsinsky, LLP notifies investors that Nir Zohar, Co-Founder and President of Wix.com Ltd. (NASDAQ: WIX), is named as an individual defendant in a securities class action involving investors who purchased Wix securities between February 19, 2025 and May 12, 2026. Find out if you could qualify to recover your per-share losses<\/a>\u00a0or call (212) 363-7500.<\/p>\n

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\n \"Levi\n <\/p>\n<\/p><\/div>\n

WIX shares declined over $125 per share from the start of the Class Period on May 20, 2025 after a series of AI product, Base44 cost, analyst, and Wix Harmony disclosures. LEAD PLAINTIFF DEADLINE: September 22, 2026.<\/p>\n

\n Nir Zohar’s Role During the Class Period<\/b>\n <\/p>\n

The complaint identifies Zohar as a Co-Founder of Wix and its President during the relevant period. As named in the action, Zohar is alleged<\/span> to have possessed authority over Company communications, including press releases and market-facing statements concerning Wix’s AI initiatives and business fundamentals.<\/p>\n

The action contends that investors overpaid while Wix allegedly<\/span> overstated the competitiveness and commercial performance of its AI-powered product offerings and understated the accelerating costs tied to development and promotion.<\/p>\n

\n Statements Attributed to the President<\/b>\n <\/p>\n

The complaint highlights statements attributed to Zohar in connection with Wix’s August 2025 results, including representations regarding demand, conversion trends, monetization, and AI tools. Plaintiffs allege<\/span> those statements were materially misleading because Wix was facing product execution gaps, competitive pressure, and rising AI-related cost burdens.<\/p>\n

\n “Individual officers named in securities complaints may face scrutiny when public statements allegedly<\/span> conflict with later disclosures about product performance and customer demand,”<\/i>\u00a0said Joseph E. Levi, Esq., managing partner of Levi & Korsinsky, LLP. “Here, the complaint identifies statements attributed to Wix’s President while investors allegedly<\/span> faced a $126.42 per-share decline.”<\/i><\/p>\n

\n Nir Zohar’s Alleged<\/span> Role<\/b>\n <\/p>\n