The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Accolade, Inc. (“Accolade” or “the Company”) (NASDAQ: ACCD) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Accolade released its quarterly financial results on April 28, 2022. As part of its release, the Company admitted that “a large customer notified us that they would be ending their service relationship with us after the end of calendar 2022.” The Company revealed during its earnings call that the major customer was Comcast, one of its oldest customers. The Company also reported steep losses for the quarter, missing analyst estimates. Based on this news, shares of Accolade fell by almost 50% on April 29, 2022.
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We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at firstname.lastname@example.org.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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