HONEST COMPANY SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against The Honest Company, Inc. - HNST
NEW ORLEANS, Nov. 3, 2021 /PRNewswire/ -- ClaimsFiler, a FREE shareholder information service, reminds investors that they have until November 15, 2021 to file lead plaintiff applications in a securities class action lawsuit against The Honest Company, Inc. (NasdaqGS: HNST), if they purchased the Company's shares issued in connection with its May 2021 initial public stock offering (the "IPO"). This action is pending in the United States District Court for the Central District of California.
Get Help
Honest Company investors should visit us at https://claimsfiler.com/cases/nasdaq-hnst/ or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.
About the Lawsuit
Honest Company and certain of its executives are charged with failing to disclose material information in its IPO Registration Statement and Prospectus, violating federal securities laws.
The alleged false and misleading statements and omissions include, but are not limited to, that: (i) the Company's results had been significantly impacted by a multimillion-dollar COVID-19 stock-up for products in the Diapers and Wipes category and Household and Wellness category prior to the IPO; (ii) at the time of the IPO, the Company was experiencing decelerating demand for such products; (iii) as a result, the Company's financial results would likely be adversely impacted; and (iv) as a result of the foregoing, the Company's statements were materially false and misleading at all relevant times.
The case is Dixon v. The Honest Company, Inc., et al., 21-cv-7405.
About ClaimsFiler
ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.
To learn more about ClaimsFiler, visit www.claimsfiler.com.
SOURCE ClaimsFiler
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