The X-News Explorer is the ultimate source of information for investors with an affinity for the stock market who want to get a quick and convenient overview of the current news situation of a listed company. Various newswire services are available here. If a news alert is displayed, you will find company news that may be of interest to you. This service is provided by PR-Newswire.
NEW YORK, May 9, 2025 /PRNewswire/ -- Julie & Holleman LLP, a top-tier shareholder rights firm, is investigating the acquisition of TaskUs, Inc. (Nasdaq: TASK) by a buyer group that includes the company's three largest shareholders: private equity firm Blackstone and co-founders Bryce Maddock and Jaspar Weir. The law firm has already uncovered conflicts of interest and believes the deal price is too low.
NEW YORK, Jan. 24, 2025 /PRNewswire/ -- Kuehn Law, PLLC, a shareholder litigation law firm, is investigating whether certain officers and directors of TaskUs, Inc. (NASDAQ: TASK) breached their fiduciary duties to shareholders.
According to a federal securities lawsuit, TaskUs insiders caused the company to misrepresent or fail to disclose that (1) TaskUs was experiencing severe financial strain and business challenges; (2) the Content Security market was smaller than represented; (3) TaskUs improperly recognized revenue from certain key contracts; (4) the Company overstated the size of its workforce as well as employee retention rates, and understated attrition rates; and (5) that, as a result of the foregoing, positive statements about the Company's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis.