Kehoe Law Firm, P.C. is pleased to announce that the United States District Court for the Southern District of New York has granted final approval to a $17.5 million settlement resolving securities claims against TaskUs, Inc., an outsourced digital customer service provider accused of misleading investors about its employee ratings on Glassdoor.
The class action lawsuit alleged that TaskUs’s IPO and secondary offering materials improperly portrayed the company’s online reviews as an authentic reflection of its workplace culture. In reality, according to the complaint, TaskUs encouraged new hires—still in training and not yet exposed to the company’s day-to-day conditions—to post positive reviews, thereby artificially inflating its online reputation and thereby the price of its stock.
Kehoe Law Firm, serving as counsel for the investor class, helped secure this significant recovery on behalf of affected shareholders. “This settlement represents an excellent outcome for investors who were entitled to truthful disclosures when making decisions in the public markets,” said Michael Yarnoff, Partner at Kehoe Law Firm. “We are proud to have helped deliver meaningful relief and to reaffirm the importance of transparency in corporate communications.” The settlement brings closure to Lozada et al. v. TaskUs Inc. et al., ensuring meaningful compensation to investors who relied on the company’s public statements.
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.
Our firm litigates 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 class action legal services are provided on a contingency-fee basis, meaning clients are not responsible for any fees or litigation expenses.
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