EGIO SHAREHOLDER ALERT: Jakubowitz Law Reminds Edgio Shareholders of a Lead Plaintiff Deadline of June 26, 2023

NEW YORK, April 28, 2023 /PRNewswire/ -- Jakubowitz Law announces that a securities fraud class action lawsuit has commenced on behalf of shareholders of Edgio, Inc. f/k/a Limelight Networks, Inc. (NASDAQ: EGIO).

To receive updates on the lawsuit, fill out the form:
https://claimyourloss.com/securities/edgio-class-action-loss-submission-form/?id=38594&from=4

The lawsuit seeks to recover losses for shareholders who purchased Edgio between February 11, 2021 and March 12, 2023.

Shareholders interested in acting as a lead plaintiff representing the class of wronged shareholders have until June 26, 2023 to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

According to a filed complaint, Edgio, Inc. f/k/a Limelight Networks, Inc. issued materially 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 the Company's internal controls over financial reporting related to Open Edge transactions; (3) as a result, the Company's revenue had been overstated in certain periods; and (4) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (628) 895-0423
F: (212) 537-5887

SOURCE Jakubowitz Law

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