The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Southern District of New York on behalf of those who acquired TaskUs, Inc. (“TaskUs” or the “Company”) (NASDAQ: TASK) securities from June 11, 2021 to January 19, 2022, inclusive (the “Class Period”). Investors have until April 25, 2022 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
TaskUs is a business process outsourcing company that provides services to technology companies, including the moderation of user and advertiser generated content.
On January 20, 2022, Spruce Point Capital Management, LLC (“Spruce Point”) issued a report titled “Moderating the Bull Case Content” based on its “forensic financial and accounting review” of TaskUs. Spruce Point found that TaskUs, “has a pattern of exaggerated and inflated business claims, including revenue, and is covering-up financial strain with reduced disclosures, cherry-picked market …
