Kehoe Law Firm, P.C., representing Lead Plaintff Humberto Lozada, is pleased to announce that TaskUs, Inc. has agreed to a $17.5 million settlement to resolve a securities class action lawsuit.
The lawsuit, Lozada v. TaskUs, Inc. et al. (No. 22-cv-1479-JPC), filed in United States District Court for the Southern District of New York, alleged that TaskUs’ IPO registration statement, along with its Q2 and Q3 2021 earnings calls, contained materially false and misleading information in violation of federal securities laws. Investors suffered financial losses following the disclosure of adverse information about the company.
TaskUs Securities Class Action Settlement Details
On February 24, 2025, TaskUs entered into a Stipulation and Agreement of Settlement to resolve the litigation for an all cash amount of $17.5 million.
“This settlement represents a significant victory for investors and shareholders affected by TaskUs’ alleged misstatements,” said Michael Yarnoff, partner at Kehoe Law Firm. “By securing a $17.5 million resolution, we have provided a path for investors to recover losses while reinforcing the critical need for transparency in the financial markets. Our firm remains committed to protecting investor rights and ensuring corporate accountability”.
Questions About the Class Action Settlement?
TaskUs investors who have questions about the class action settlement are encouraged to send us a message or contact Michael Yarnoff, Esq., (215) 792-6676, Ext. 804, [email protected], [email protected].
About Kehoe Law Firm, P.C.
Kehoe Law Firm, P.C. is a nationally recognized, plaintiff-side class action firm dedicated to protecting investors and consumers from fraud and misconduct. Our attorneys have served as Lead or Co-Lead Counsel in major securities cases, recovering over $10 billion for institutional and individual investors. We litigate securities fraud, fiduciary breaches, unfair mergers and acquisitions, and antitrust violations, while also representing whistleblowers and advocating for victims of data breaches, consumer fraud, vehicle and product defects, employment law violations, retirement plan mismanagement, and other corporate and business misconduct. With a results-driven approach, we pursue justice and substantial recoveries for those we represent.
Kehoe Law Firm’s legal services are provided on a contingency-fee basis, meaning clients are not responsible for any fees or litigation expenses.
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