Investigation Alert: Kessler Topaz Meltzer & Check, LLP is Investigating Securities Fraud Claims on Behalf of TaskUs, Inc. (NASDAQ: TASK) Investors

1/21, 4:43 PM (Source: GlobeNewswire)

RADNOR, Pa., Jan. 21, 2022 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) is currently investigating potential violations of the federal securities laws on behalf of investors of TaskUs, Inc. (NASDAQ: TASK) (“TaskUs”).

TaskUs offers digital customer care services primarily delivered through digital channels and other solutions, including customer care services for new product or market launches, trust and safety solutions, and customer acquisition solutions.

On January 20, 2022, Spruce Point Capital Management, LLC published a short-seller report on TaskUs, indicating, among other things, that after conducting a forensic financial and accounting review of the company, they believe TaskUs “has a pattern of exaggerated and inflated business claims, including revenue, and is covering-up financial strain with reduced disclosures, cherry-picked market data, and non-standard key performance metrics." Additionally, the report stated that TaskUs “conspicuously ceased disclosing annual contract value as a key business metric during its SEC registration process.”

Following this news, TaskUs’ stock fell $5.46, or 15.3%, to close at $30.13 per share on January 20, 2022.

If you are a TaskUs investor and would like to learn more about our investigation, please CLICK HERE to fill out our online form or contact Kessler Topaz Meltzer & Check, LLP: James Maro, Esq. (484) 270-1453; toll free at (844) 887-9500; E-mail at info@ktmc.com. You can also click on the following link or paste it in your browser:   https://www.ktmc.com/taskus-investigation?utm_source=PR&utm_medium=link&utm_campaign=taskus

Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country involving securities fraud, breaches of fiduciary duties and other violations of state and federal law. Kessler Topaz Meltzer & Check, LLP is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world.  The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars).  For more information about Kessler Topaz Meltzer & Check, LLP, please visit www.ktmc.com.

CONTACT:

Kessler Topaz Meltzer & Check, LLP
James Maro, Jr., Esq.
280 King of Prussia Road
Radnor, PA 19087
(844) 887-9500
info@ktmc.com


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