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OKTA News | OKTA Stock | Okta Inc News (#OKTA) Shareholders Securities Class Action Lawsuit Okta Inc
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OKTA News and OKTA Stock
Investors, who purchased shares of Okta securities between March 5, 2021 and March 22, 2022, are to register their losses in a Class Action Lawsuit Filed Against Okta, Inc.
The lawsuit, filed in the Northern District of California, seeks to recover shareholders' losses with NO out-of-pocket cost.
The class action alleges that:
(i) Okta had inadequate cybersecurity controls.
(ii) As a result, Okta’s systems were vulnerable to data breaches.
(iii) Okta ultimately did experience a data breach caused by a hacking group, which potentially affected hundreds of Okta customers.
(iv) Okta initially did not disclose and subsequently downplayed the severity of the data breach.
(v) All the foregoing, once revealed, was likely to have a material negative impact on Okta’s business, financial condition, and reputation.
(vi) As a result, the Company’s public statements were materially false and misleading at all relevant times.
Investors who suffered losses on Okta shares, only have until July 19, 2022 to request that the court appoint you as a lead plaintiff. Acting as a lead plaintiff is not a requirement to participate in monetary recovery, but you must meet the deadline to be considered as a lead plaintiff.
The Law Offices of Vincent Wong is a highly experienced corporate and securities firm concentrating in mergers and acquisitions, corporate finance, and securities law. We represent individual shareholders, private equity funds and investment banks in a variety of corporate transactional and litigation matters. Prior results do not guarantee similar outcomes, and this video may be considered attorney advertising under the laws of your state.
OKTA News and OKTA Stock
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______________________Time Stamp ⌚ ________________________
00:00 OKTA News
00:26 Investors who purchased
00:44 The class action alleges that
01:37 The Law Offices of Vincent Wong
01:44 To Register
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