GitLab

GitLab Faces Securities Class Action: Investors Alerted to Join Lawsuit Over Alleged Misleading AI Development Claims

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Los Angeles, California – The Schall Law Firm, recognized for representing shareholder rights in national litigation, has recently announced a class action lawsuit targeting GitLab Inc. (NASDAQ: GTLB). The suit accuses the company of violations related to the Securities Exchange Act of 1934, specifically under sections 10(b) and 20(a), along with Rule 10b-5, as put forth by the U.S. Securities and Exchange Commission. This litigation comes following allegations that GitLab disseminated misleading information about its capabilities, particularly concerning its development of artificial intelligence tools aimed at bolstering its DevSecOps platform. The firm prompts investors who … Read more

Rosen Law Firm Announces Key Deadline in GitLab Securities Class Action – Investors Urged to Act

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New York – Investors who have acquired securities from GitLab Inc. are being reminded by the Rosen Law Firm, a global investor rights firm, of an upcoming November 4, 2024 deadline to apply as lead plaintiff in a major class-action lawsuit. This period concerns those who purchased GitLab’s securities between June 6, 2023, and March 4, 2024. Eligible investors might be entitled to compensation facilitated through a contingency fee arrangement requiring no direct out-of-pocket expenses. This lawsuit stems from accusations against GitLab Inc., claiming that executives made false and misleading statements about the company’s ability … Read more