Did you lose money on your TaskUs investment?

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SAN DIEGO, Jan. 20, 2022 (GLOBE NEWSWIRE) — Shareholder rights law firm Johnson Fistel, LLP is investigating potential violations of federal securities laws by TaskUs, Inc. (NASDAQ:TASK) .

On January 20, 2022, Spruce Point Capital Management, LLC released a short sale report on TaskUs. In the report, Spruce Point states: “After conducting a forensic financial and accounting review, Spruce Point believes that the shares of TaskUs, Inc. (Nasdaq: TASK), a highly promoted business process outsourcing (BPO) company among digital and emerging technology companies , have a pattern of exaggerated and inflated trade claims. , including revenue, and conceals financial difficulties with reduced disclosures, hand-picked market data and non-standard key performance indicators.” trade at deep valuation discounts due to being undercovered in the BPO

Following this report, TaskUs stock price fell more than 18% in morning trading on January 20, 2022.

Specifically, Johnson Fistel’s investigation seeks to determine whether the company made false or misleading statements or failed to disclose relevant information to investors.

If you have information that could help with this investigation, including former employees and others, or a TaskUs shareholder interested in learning more about the investigation, please contact Jim Baker ([email protected]) by email or by phone at 619-814-4471. If emailing, please include a phone number.

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About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivatives and securities class actions. Johnson Fistel is seeking to recover losses incurred due to violations of federal securities laws. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Lawyer advertisement. Past results do not guarantee future results.

Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
[email protected]

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