Robbins Geller Seeks Lead Plaintiff in Alight Securities Case Ahead of May 15 Deadline
The notice invites eligible Alight investors to seek the lead role under the PSLRA process.
Overview
- Robbins Geller issued an investor alert seeking candidates to serve as lead plaintiff before the May 15, 2026 deadline, a role that directs the case and selects counsel.
- The case, McCarty v. Alight, Inc., No. 26-cv-02924, is filed in the U.S. District Court for the Northern District of Illinois.
- The complaint alleges Alight misled investors about its revenue outlook, downplayed seasonality and macro risks, and overstated its sales team’s ability to meet management goals.
- The suit links an August 5, 2025 guidance cut to an 18% drop in Alight’s share price, citing slower deal closings and lower revenue targets.
- The filing also ties February 19, 2026 results to a 38% plunge after Alight said it missed internal goals and would replace its cash dividend with other capital uses.