Law Firms Urge monday.com Investors to Seek Lead Role in Securities Case Before May 11
Plaintiffs say monday.com overstated its growth outlook, causing investor losses.
Overview
- Investor law firms, which issued fresh notices Monday, are recruiting shareholders to seek lead-plaintiff status in the monday.com securities case before the May 11 deadline.
- The complaints say the company misled investors about its revenue expansion outlook as growth slowed, enterprise sales cycles lengthened, and both new customer wins and expansion with existing clients weakened.
- The suits claim violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and SEC Rule 10b-5, the core federal standards for fraud in the sale of securities.
- The proposed class covers buyers of monday.com shares from September 17, 2025 through February 6, 2026, and no class has been certified yet, which means investors are not represented unless they hire a lawyer.
- Investors can contact firms on a contingency basis with no upfront fees, and the court will choose a lead plaintiff after May 11 to guide the case while non-lead investors may still share in any recovery.