Digimarc Corporation Shareholders Who Lost Money on Their Investment are Encouraged to Contact Johnson Fistel about the Class Action Lawsuit
SAN DIEGO, September 27, 2024 (GLOBE NEWSWIRE) – Johnson Fistel, PLLP announces that a class action lawsuit has commenced on behalf of investors of Digimarc Corporation (“Digimarc” or the “Company”) (NASDAQ: DMRC). The lawsuit seeks to recover losses on behalf of investors who acquired their securities between May 2, 2024 and February 26, 2025, both dates inclusive (the “Class Period”). If you wish to serve as lead plaintiff, you must move the Court no later than May 9, 2025.
For more information, contact James Baker, (619) 814-4471, jimb@johnsonfistel.com or fjohnson@johnsonfistel.com
The filed complaint alleges that defendants made false statements and/or concealed that: (1) a large commercial partner would not renew a large contract on the same terms; (2) as a result, Digimarc would renegotiate the large commercial contract; (3) as a result of the foregoing, the Company’s subscription revenue and annual recurring revenue would be adversely affected; (4) as a result of the foregoing, defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.