Rosen Law Firm, a global investor rights firm, has issued a reminder to purchasers of Class A common stock of Nextdoor Holdings, Inc. (formerly Khosla Ventures Acquisition Co. II) between July 6, 2021, and November 8, 2022, to secure legal counsel ahead of a crucial April 29, 2024, lead plaintiff deadline for a securities class action lawsuit. The lawsuit alleges that Nextdoor made false or misleading statements regarding its financial results, inflating figures due to temporary COVID-19 effects and potentially misrepresenting future growth prospects to investors. It also claims the market saturation in the U.S. adversely affected the company’s ability to monetize users and potentially misrepresented the household reach of its platform. The Rosen Law Firm is renowned for its expertise in securities class actions, having secured substantial settlements for investors, including a record settlement against a Chinese company. Founding partner Laurence Rosen is recognised as a leading figure in plaintiffs’ securities litigation. The firm emphasizes its track record and cautions investors against selecting less experienced counsel. Investors in Nextdoor Holdings who may have been affected are encouraged to join the class action lawsuit or consult with counsel to understand their rights and the possibility of gaining compensation through the legal proceedings. The lawsuit emphasizes that no class has yet been certified and until such certification occurs, affected parties are not represented by counsel unless they retain one. Investors can join the class action or choose to remain absent and do nothing at this point.

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