LOS ANGELES, Sept. 9, 2024 /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against MongoDB, Inc. ("MongoDB" or "the Company") (NASDAQ: MDB) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Shareholders who purchased shares of MDB during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery.

CASE DETAILS: The Complaint alleges that MongoDB made false and misleading statements to the market when it touted its anticipated growth and ability to manage macroeconomic fluctuations. MongoDB's sales incentives encouraged low-value enrollments. The Company's public statements were false and materially misleading throughout the class period.

If you are a shareholder who suffered a loss, contact us to participate.

WHY DJS LAW GROUP? DJS Law Group's primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

David J. Schwartz

DJS Law Group

274 White Plains Road, Suite 1

Eastchester, NY 10709

Phone: 914-206-9742

Email: David@djslawllp.com

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SOURCE DJS Law Group LLP