{"id":100767,"date":"2023-05-27T05:58:49","date_gmt":"2023-05-27T05:58:49","guid":{"rendered":"https:\/\/pr.asianetpakistan.com\/?p=110213"},"modified":"2023-05-27T05:58:49","modified_gmt":"2023-05-27T05:58:49","slug":"rosen-top-ranked-investor-counsel-encourages-edgio-inc-f-k-a-limelight-networks-inc-investors-to-secure-counsel-before-important-deadline-in-securities-class-action-egio-llnw","status":"publish","type":"post","link":"https:\/\/lebanonnewsgazette.com\/rosen-top-ranked-investor-counsel-encourages-edgio-inc-f-k-a-limelight-networks-inc-investors-to-secure-counsel-before-important-deadline-in-securities-class-action-egio-llnw\/","title":{"rendered":"ROSEN, TOP RANKED INVESTOR COUNSEL, Encourages Edgio, Inc. f\/k\/a Limelight Networks, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action \u2013 EGIO, LLNW"},"content":{"rendered":"
NEW YORK, May 26, 2023 (GLOBE NEWSWIRE) — WHY: <\/strong>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 \u201cClass Period\u201d), of the important June 26, 2023 lead plaintiff deadline.<\/strong><\/p>\n SO WHAT:<\/strong> 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.<\/p>\n WHAT TO DO NEXT: <\/strong>To join the Edgio class action, go to https:\/\/rosenlegal.com\/submit- WHY ROSEN LAW: <\/strong>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. <\/strong>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\u2019 Bar. Many of the firm\u2019s attorneys have been recognized by Lawdragon and Super Lawyers.<\/p>\n DETAILS OF THE CASE: <\/strong>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\u2019s internal controls over financial reporting related to Open Edge transactions; (3) as a result of the foregoing, the Company\u2019s revenue had been overstated in certain periods; and (4) as a result of the foregoing, defendants\u2019 positive statements about Edgio\u2019s 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.<\/p>\n To join the Edgio class action, go to https:\/\/rosenlegal.com\/submit- 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\u2019s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.<\/p>\n Follow us for updates on LinkedIn: https:\/\/www.linkedin.com\/ Attorney Advertising. Prior results do not guarantee a similar outcome.<\/p>\n Contact Information:<\/p>\n Laurence Rosen, Esq. GlobeNewswire Distribution ID 8847645<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" NEW YORK, May 26, 2023 (GLOBE NEWSWIRE) \u2014 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 \u201cClass Period\u201d), of the important June 26, 2023 lead plaintiff deadline. [\u2026]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2280,2584,17,53,343],"tags":[],"yoast_head":"\n
\nPhillip Kim, Esq.
\nThe Rosen Law Firm, P.A.
\n275 Madison Avenue, 40th Floor
\nNew York, NY 10016
\nTel: (212) 686-1060
\nToll Free: (866) 767-3653
\nFax: (212) 202-3827
\nlrosen@rosenlegal.com<\/a>
\npkim@rosenlegal.com<\/a>
\ncases@rosenlegal.com<\/a>
\nwww.rosenlegal.com<\/a><\/p>\n