Lawsuit Notice: Investors who lost money with HireRight Holdings Corporation (NYSE: HRT) shares should contact the Shareholders Foundation

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Apr 08, 2024, 07:45 ET

SAN DIEGO, April 8, 2024 /PRNewswire/ -- The Shareholders Foundation, Inc. announced that a lawsuit was filed for certain investors in HireRight Holdings Corporation (NYSE: HRT) in effort to recover losses.

Investors who purchased shares of HireRight Holdings Corporation (NYSE: HRT) have certain options and should contact the Shareholders Foundation at [email protected] or call +1(858) 779 - 1554.

On April 1, 2024, an investor inNYSE: HRT shares filed a lawsuit against HireRight Holdings Corporation alleging violations of securities laws. The plaintiff alleges that the Offering Documents that were issued in connection with HireRight's October 2021 initial public offering ("IPO") made false and/or misleading statements and/or failed to disclose that HireRight was exposed to customers with significant employment and hiring risk and HireRight derived greater revenue growth from existing client hiring than from new client hiring, that as a result, HireRight's revenue growth was unsustainable to the extent that it relied on the stability of its current customers' hiring and/or the profitability of securing new customers, that accordingly, HireRight had overstated its post-IPO business and/or prospects, and that as a result, defendants' statements about HireRight's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

Those who purchased HireRight Holdings Corporation (NYSE: HRT) shares should contact the Shareholders Foundation, Inc.

CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.

SOURCE Shareholders Foundation, Inc.