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NEW YORK, Nov. 22, 2024 – Faruqi & Faruqi, LLP, a national securities law firm, is investigating potential claims against WM Technology, Inc. (“WM Technology” or the “Company”) (NASDAQ: MAPS) and reminds investors of the December 16, 2024 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
The investigation comes after a complaint alleged that WM Technology and its executives violated federal securities laws by making false and/or misleading statements. The complaint claims that the Company’s monthly average user metrics were inflated for years, leading to false statements about its business operations. The news of the SEC charging WM Technology, its former CEO, and former CFO for negligent misrepresentations in reporting MAU metrics further impacted the stock price.
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson is encouraging investors who suffered losses exceeding $75,000 in WM Technology between May 25, 2021, and September 24, 2024, to contact him directly to discuss their legal options. The court-appointed lead plaintiff will represent the class in seeking recovery.
Faruqi & Faruqi, LLP has a track record of recovering hundreds of millions of dollars for investors since 1995. They welcome anyone with information regarding WM Technology’s conduct to contact the firm. More information about the class action can be found on their website or by contacting partner Josh Wilson directly.
For more updates on this case, follow Faruqi & Faruqi, LLP on LinkedIn, X, or Facebook. Attorney Advertising. The law firm ensures confidentiality in all communications and welcomes discussions about individual cases.
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