Lead-Plaintiff Deadline Nears in Alight Securities Lawsuit

Overview

• Alight investors face a Friday, May 15 deadline to seek lead‑plaintiff status, with several plaintiff firms urging eligible shareholders to step forward.
• No class has been certified, so investors are not represented unless they hire counsel or the court later appoints a lead plaintiff and law firm under the securities statute.
• The putative case, McCarty v. Alight in the Northern District of Illinois, alleges the company and former executives misled investors about revenue visibility and sales execution.
• The alleged class covers buyers from November 12, 2024 to February 18, 2026, including an August 5, 2025 guidance cut that the complaint says drove a drop of more than 18 percent.
• The suit also points to February 19, 2026 results that replaced the cash dividend and admitted missed internal targets, which the complaint says preceded a stock slide of about 38 percent.