LOS ANGELES, Feb. 1, 2021 /PRNewswire/ — The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against GoodRx Holdings, Inc. (“GoodRx” or “the Company”) (NASDAQ: GDRX) 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.
Investors who purchased the Company’s securities between September 23, 2020 and November 16, 2020, inclusive (the ”Class Period”), are encouraged to contact the firm before February 16, 2021.
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We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at firstname.lastname@example.org.
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. GoodRx timed its IPO so that it was priced before Amazon announced its competing service. This not only facilitated the IPO, but also created artificial demand to maximize the amount of money the Company and selling shareholders raised. The Company knew about Amazon’s competing service in advance of the IPO, making their statements in the Registration Statement about its competitive advantages to be false and misleading. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about GoodRx, investors suffered damages.
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The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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