TaskUs, Inc. Shareholders Partially Beat Defendants' Motion to Dismiss the Class Action Complaint; TaskUs, Inc. Shareholders Should Contact Robbins LLP for Information About Their Rights
According to the amended complaint, defendants misstated two key human capital metrics, TaskUs's employee attrition rate and its rating on Glassdoor, which misled investors.
- According to the amended complaint, defendants misstated two key human capital metrics, TaskUs's employee attrition rate and its rating on Glassdoor, which misled investors.
- In his ruling, Judge Cronan said the plaintiffs have adequately pleaded that TaskUs misled investors to believe its Glassdoor ratings "accurately reflected the company's positive workplace culture."
- Judge Cronan also gave investors leave to amend the other pleading deficiencies he noted.
- Next Steps: If you purchased share of TaskUs, Inc. (TASK) prior to June 11, 2021, you may have recourse against the Company's actions.