Faruqi & Faruqi Alerts Investors of WM Technology

Faruqi & Faruqi, LLP, a prominent national securities law firm, is currently investigating potential claims against WM Technology, Inc. for violations of federal securities laws. Investors who suffered losses exceeding $75,000 between May 25, 2021, and September 24, 2024, are encouraged to contact partner James (Josh) Wilson to discuss their legal options. The firm alleges that WM Technology inflated its monthly average user metrics for years, leading to false and misleading statements about its business operations. As a result, investors faced significant damages when the truth emerged, prompting a federal securities class action lawsuit. The U.S. Securities and Exchange Commission charged WM Technology, its former CEO, and CFO for making negligent misrepresentations in reporting key operating metrics, resulting in a $1.5 million civil penalty. The court-appointed lead plaintiff will represent the class in seeking relief, and any member may step forward or remain as an absent class member. Faruqi & Faruqi, LLP also encourages individuals with information regarding WM Technology’s conduct to come forward. To learn more about the class action or discuss specific cases, interested parties can visit the firm’s website or contact partner Josh Wilson directly. As a reputable law firm with a track record of recovering millions for investors, Faruqi & Faruqi, LLP remains committed to assisting those affected by WM Technology’s alleged securities violations.

Source
Photo credit www.globenewswire.com