ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Edgio, Inc. f/k/a Limelight Networks, Inc. Investors With Losses to Secure Counsel Before Important Deadline in Securities Class Action – EGIO, LLNW

NEW YORK, June 08, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Edgio, Inc. f/k/a Limelight Networks, Inc. (NASDAQ: EGIO, LLNW) between February 11, 2021 and March 12, 2023, both dates inclusive (the “Class Period”), of the important June 26, 2023 lead plaintiff deadline. […]

NEW YORK, June 08, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Edgio, Inc. f/k/a Limelight Networks, Inc. (NASDAQ: EGIO, LLNW) between February 11, 2021 and March 12, 2023, both dates inclusive (the “Class Period”), of the important June 26, 2023 lead plaintiff deadline.

SO WHAT: If you purchased Edgio 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.

WHAT TO DO NEXT: To join the Edgio class action, go to https://rosenlegal.com/submit-form/?case_id=13174 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 26, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: 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, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. 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’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that: (1) the sale of Open Edge equipment should be accounted as financing leases; (2) there were material weaknesses in Edgio’s internal controls over financial reporting related to Open Edge transactions; (3) as a result of the foregoing, the Company’s revenue had been overstated in certain periods; and (4) as a result of the foregoing, defendants’ positive statements about Edgio’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Edgio class action, go to https://rosenlegal.com/submit-form/?case_id=13174 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

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’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

GlobeNewswire Distribution ID 8854329

Total
0
Shares
Previous Article

UAE will not be affected by Biparjoy cyclone: NCM

Next Article

ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages Beyond Meat, Inc. Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action – BYND

Related Posts

‫عقدت شركة GWM “جريت وول موتور” مهرجان التكنولوجيا الثامن وأصدرت رسميًا استراتيجيتها لعام 2025

باودينغ، الصين،2 تموز/يوليه، 2021/PRNewswire/– “المؤتمر العالمي لإطلاق استراتيجية 2025 الخاصة بشركة GWM “جريت وول موتور” وحفل افتتاح مهرجان التكنولوجيا الثامن” الذي أقيم بمركز بودينغ هافال التقني في 28 حزيران/يونيه. تهدف استراتيجية شركة GWM التي أطلقتها رسميًا لعام 2025، إلى تحقيق مبيعاتها العالمية السنوية البالغة 4 ملايين مركبة بحلول عام 202، منها 80 في المائة مركبات جديدة تعمل بالطاقة، تتجاوز […]

CGTN: Xi tells Biden: We must put China-U.S. ties back on right track

BEIJING, Nov. 14, 2022 /PRNewswire/ — As leaders from the world’s 20 largest economies gathered on the Indonesian island of Bali for the G20 Summit, the face-to-face meeting between the leaders of China and the United States attracted global attention. On Monday afternoon, Chinese President Xi Jinping and U.S. President Joe Biden sat down for […]

Open Society Foundations Announce 2023 Soros Justice Fellows

New York, Nov. 03, 2023 (GLOBE NEWSWIRE) — The Open Society Foundations is pleased to announce the 2023 cohort of Soros Justice Fellows, which includes a mix of emerging and established leaders in the field of criminal justice reform, including public educators, artists, lawyers, activists, non-profit innovators, journalists, and filmmakers from across the United States. […]