Securities Suit Targets monday.com Ahead of May 11 Lead‑Plaintiff Deadline

Overview

• Investor law firms Kessler Topaz Meltzer & Check and Rosen Law Firm issued notices Friday urging eligible monday.com shareholders to move for lead‑plaintiff status by May 11, 2026.
• The case, filed in the Southern District of New York as Potter v. monday.com Ltd., No. 26‑cv‑01956, covers purchases of monday.com stock from September 17, 2025 through February 6, 2026.
• The complaint claims the company misled investors about its revenue engine by downplaying slowing new‑customer growth, weak expansion in existing accounts, longer enterprise sales cycles, and the limits of its AI investments.
• monday.com, which reported results on February 9, 2026, rescinded a $1.8 billion 2027 revenue target and guided to slower 2026 growth, and the stock fell about 20.8% that day.
• No class has been certified and investors are not represented unless they retain counsel, and KTMC noted it did not file the complaint while inviting investors to discuss their options.