TaskUs Stock Price Dropped Significantly On January 20, 2022 - Class Action Investigation On Behalf Of TaskUs Shareholders

CA, USA, January 21, 2022 /EINPresswire.com/ -- Kehoe Law Firm, P.C., Philadelphia, PA, is investigating whether TaskUs, Inc. ("TaskUs," "TASK," or the "Company") (NASDAQ: TASK) violated federal securities laws.

TaskUs investors should be aware that Spruce Point Capital Management issued a report on January 20, 200 which, among other things, stated, that "[a]fter conducting a forensic financial and accounting review, Spruce Point believes shares of TaskUs . . . a highly promoted business process outsourcing (BPO) firm to digital and emerging technology companies, 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."

On this news, the stock price of TaskUs dropped significantly during intraday trading, closing down 15.34% on January 20, 2022.

TASK INVESTORS WITH FINANCIAL LOSSES ARE ENCOURAGED TO COMPLETE KEHOE LAW FIRM’S SECURITIES CLASS ACTION QUESTIONNAIRE ACCESSIBLE AT (https://kehoelawfirm.com/securities-class-action-questionnaire).

TASK INVESTORS WITH FINANCIAL LOSSES ARE ALSO ENCOURAGED TO CONTACT MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT. 804, MYARNOFF@KEHOELAWFIRM.COM, INFO@KEHOELAWFIRM.COM, TO DISCUSS THE TASKUS CLASS ACTION INVESTIGATION OR POTENTIAL LEGAL CLAIMS.

Kehoe Law Firm, P.C., with offices in New York and Philadelphia, is a multidisciplinary, plaintiff–side law firm dedicated to protecting investors from securities fraud, breaches of fiduciary duties, and corporate misconduct. Combined, the partners at Kehoe Law Firm, P.C. have served as Lead Counsel or Co-Lead Counsel in cases that have recovered more than $10 billion on behalf of institutional and individual investors.

This press release may constitute attorney advertising.

Michael Yarnoff, Esq.
Kehoe Law Firm, P.C.
+1 215-792-6676
info@kehoelawfirm.com