English | 简体中文 | 繁體中文 | 한국어 | 日本語
Saturday, 20 April 2024, 11:16 HKT/SGT
Share:
    

Source: Kaplan Fox & Kilsheimer LLP
POWERSCHOOL HOLDINGS, INC. (PWSC): Kaplan Fox & Kilsheimer LLP Investigates POWERSCHOOL and Encourages Investors to Contact the Firm

NEW YORK, Apr 20, 2024 - (NewMediaWire) - Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors of PowerSchool Holdings, Inc. (“PowerSchool” or the “Company”) (NYSE: PWSC).  Click Here To Join The Investigation. https://www.kaplanfox.com/join-a-case/ 

If you are a PowerSchool investor and would like to learn more about our investigation, please click here.  You may also contact us by emailing pmayer@kaplanfox.com or by calling (646) 315-9003.

On April 17, 2024, Spruce Point Capital Management (“Spruce Point”) issued a report about PowerSchool. Among other things, the Spruce Point report states that “[a]fter conducting a forensic review of [PowerSchool], one of the largest K-12 software providers in North America, we have concerns over the Company’s aggressive accounting practices, unsustainable growth expectations, and sales of a product that may potentially be violating several states’ child privacy laws.  We also believe the Board may be conflicted and as a result, may not be serving all shareholders equally.”  Further, the Spruce Point report has a section entitled “We Believe PowerSchool’s Revenue And Adjusted Financials Are Inflated By Aggressive Accounting Practices And That It Is Materially More Levered Than It Appears.”

On April 17, 2024, the price of PowerSchool shares fell by $1.94 per share, or 9.83%, to close at $17.79 per share. 

WHY CONTACT KAPLAN FOX - Kaplan Fox is a leading national law firm focusing on complex litigation with offices in New York, Oakland, Los Angeles, Chicago and New Jersey.  With over 50 years of experience in securities litigation, Kaplan Fox offers the professional experience and track record that clients demand.  Through prosecuting cases on the federal and state levels, Kaplan Fox has successfully shaped the law through winning many important decisions on behalf of our clients.  For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.kaplanfox.com

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

If you have any questions about this investigation, please contact:

Pamela A. Mayer
KAPLAN FOX & KILSHEIMER LLP
800 Third Avenue, 38th Floor
New York, New York 10022
(646) 315-9003
E-mail: pmayer@kaplanfox.com

Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1560
Oakland, California 94612
(415) 772-4704
Fax:  (415) 772-4707
E-mail: lking@kaplanfox.com



Topic: Press release summary
Source: Kaplan Fox & Kilsheimer LLP

Sectors: Legal & Compliance
https://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

 
Kaplan Fox & Kilsheimer LLP Links

http://www.kaplanfox.com

https://www.facebook.com/KaplanFoxLawFirm

https://twitter.com/kaplanfoxlaw

https://www.linkedin.com/company/kaplan-fox-&-kilsheimer-llp/

Kaplan Fox & Kilsheimer LLP Related News
Aug 1, 2024 10:30 HKT/SGT
Deadline to Lead in Securities Fraud Lawsuit against ODDITY Tech Ltd. is September 17, 2024 - Contact Kaplan Fox & Kilsheimer LLP
July 31, 2024 23:15 HKT/SGT
Kaplan Fox & Kilsheimer LLP is Investigating Possible Securities Law Violations against Grifols SA (GRFS)
July 31, 2024 09:44 HKT/SGT
Kaplan Fox & Kilsheimer LLP is Investigating Grifols SA (GRFS) for Potential Securities Law Violations
July 29, 2024 21:47 HKT/SGT
Kaplan Fox & Kilsheimer LLP is Investigating Domino's Pizza Inc. (DPZ) for Possible Securities Violations
July 29, 2024 21:43 HKT/SGT
DXCM Is Being Investigated for Potential Securities Law Violations - Contact Kaplan Fox & Kilsheimer LLP
More news >>
Copyright © 2024 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Cookies Policy | Privacy Policy | Disclaimer | Terms of Use | RSS
US: +1 214 890 4418 | China: +86 181 2376 3721 | Hong Kong: +852 8192 4922 | Singapore: +65 6549 7068 | Tokyo: +81 3 6859 8575