Sprinklr Class Action Lawsuit: The Optimum Guide

9/18/2024

introduction to the Sprinklr Class Action Lawsuit

world economy theme used in Sprinklr class action lawsuit

If you suffered losses in Sprinklr stock, call Timothy L. Miles today for a free case evaluation

The Sprinklr class action lawsuit seeks to represent purchasers or acquirers of Sprinklr, Inc. (NYSE: CXM) publicly traded securities between March 29, 2023, and June 5, 2024, inclusive (the “Class Period”). Captioned Boshart v. Sprinklr, Inc., No. 24-cv-06132 (S.D.N.Y.), the Sprinklr class action lawsuit charges Sprinklr and certain of Sprinklr’s top executives with violations of the Securities Exchange Act of 1934 .

If you have suffered losses in Sprinklr stock and are interested in becoming the lead plaintiff in the Sprinklr lawsuit or have any inquiries regarding your rights as a shareholder, please reach out to Sprinklr Stock Loss Lawyer Timothy L. Miles at no cost. You can contact him by calling 855/846-6529, sending an e-mail to [email protected], or filling out a contact form. Lead plaintiff motions for the Sprinklr class action lawsuit must be filed with the court no later than October 15, 2024.

allegations in the Sprinklr CLASS ACTION lawsuit

Sprinklr provides enterprise cloud software products worldwide. The allegations in the Sprinklr class action lawsuit can be summarized as follows:
False and Misleading Statements

The Sprinklr class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose facts concerning Sprinklr’s difficulties in the implementation of scaling in the Contact Center as a Service market and the resulting growth slowdown on Sprinklr’s existing “go-to-market” initiatives associated with Sprinklr’s core suite of products.

Customer Decrease and Reduced Outlook for 1025

On December 6, 2023, Sprinklr announced a sequential decrease in the total number of customers spending more than $1 million, attributing it to macroeconomic conditions. Sprinklr additionally reduced the outlook for fiscal 2025 from consensus expectations of 16% growth down to 10%, according to the complaint. On this news, the price of Sprinklr stock fell more than 33%, according to the Sprinklr class action lawsuit.

Significant Reduced Growth Expectations

On June 5, 2024, the Sprinklr class action lawsuit further alleges that Sprinklr again announced significantly reduced growth expectations, cutting fiscal year 2025 projections another three percent, down to 7% annual growth, again attributing the losses to reduced customer retention in Sprinklr’s core business and macro headwinds.
On this news, the price of Sprinklr stock fell more than 15%, according to the complaint.

THE LEAD PLAINTIFF DEADLINE IN THE CLASS ACTION against Sprinklr

Lead plaintiff motions for the Sprinklr class action lawsuit must be filed with the court no later than October 15, 2024. When a securities class action is filed such as the Sprinklr class action lawsuit:

The person who files the first complaint is required to publish a notice announcing the filing.
Anyone who wants to be lead plaintiff on behalf of the class must thereafter file a motion to be appointed as lead plaintiff(s) no later than 60 days after the notice was published.

THE LEAD PLAINTIFF PROCESS IN THE Sprinklr LAWSUIT

Under the Private Securities Litigation Reform Act of 1995 (PSLRA):

Any investor who purchased and suffered losses in Sprinklr common stock may seek appointment as lead plaintiff in the Sprinklr lawsuit.
A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class.
A lead plaintiff acts on behalf of all other class members in directing the class action lawsuit.
The lead plaintiff can select a law firm of its choice to litigate the securities class action lawsuit.
An investor’s ability to share in any potential future recovery of the class action lawsuit is is not dependent upon serving as lead plaintiff.

ELIGIBILITY CRITERIA FOR LEAD PLAINTIFF APPOINTMENT IN THE Sprinklr LAWSUIT

To be eligible for appointment as the lead plaintiff in the Sprinklr class action lawsuit an investor must meet the following criteria:

Securities Acquisition: The investor must have purchased or acquired Sprinklr securities during the Class Period, spanning March 29, 2023, to June 5, 2024.
Financial Losses: The investor must have suffered financial losses as a direct result of the alleged securities fraud perpetrated by Sprinklr and its executives.
Typicality and Adequacy: The investor's legal claims must be typical of those asserted on behalf of the class, and they must demonstrate their ability to adequately represent the interests of the entire class through experience, resources, and the absence of conflicts of interest.

It is crucial to note that both domestic and international investors who meet these criteria are eligible to seek appointment as the lead plaintiff in the Sprinklr class action lawsuit, as courts have consistently recognized the rights of non-U.S. investors in securities class actions.

LEGAL REQUIREMENTS FOR PREVAILING IN THE Sprinklr CLASS ACTION LAWSUIT

To succeed in the Sprinklr class action lawsuit, the plaintiffs must establish the following elements:

Material Misrepresentation or Omission: The defendants made false or misleading statements or failed to disclose material facts about Sprinklr's business, operations, or financial condition.
Scienter: The defendants acted with the requisite state of mind, such as knowledge or reckless disregard for the truth, when making the alleged misrepresentations or omissions.
Connection to Securities Transaction: The alleged misrepresentations or omissions were made in connection with the purchase or sale of Sprinklr securities.
Reliance: Investors relied on the defendants' misrepresentations or omissions when making their investment decisions.
Economic Loss: Investors suffered financial losses as a result of the alleged securities fraud.
Loss Causation: The defendants' misrepresentations or omissions caused the economic losses suffered by investors.

Establishing these elements is crucial for the plaintiffs to prevail in the Sprinklr class action lawsuit and recover damages on behalf of the class members.

STAGES OF THE CLASS ACTION AGAINST Sprinklr

Consolidation and Lead Plaintiff Appointment: Related cases are consolidated, and the court appoints the lead plaintiff(s) to represent the class.
Filing of Consolidated Complaint: The lead plaintiff files a consolidated complaint outlining the allegations against the defendants.
Motion to Dismiss: The defendants may file a motion to dismiss the complaint, which the court will consider and rule upon.
Class Certification: The court determines whether the case meets the criteria for class certification, allowing it to proceed as a class action.
Discovery: Both parties exchange relevant documents and information through the discovery process.
Settlement Negotiations and Mediation: The parties may engage in settlement negotiations or mediation to explore the possibility of resolving the case without a trial.
Summary Judgment Motions: The parties may file motions for summary judgment, seeking a resolution without a trial based on the undisputed facts.
Trial: If the case does not settle, it proceeds to trial, where a judge or jury will determine liability and damages.
Appeals: Either party may appeal the court's decisions, potentially extending the litigation timeline.

The duration of a securities class action lawsuit can vary significantly depending on the complexity of the case and the parties' willingness to engage in settlement negotiations.

CONTINGENCY FEE ARRANGEMENTS AND COST CONSIDERATIONS

Many securities litigation attorneys, including Timothy L. Miles, operate on a contingency fee basis, which means clients do not pay any upfront fees or costs. Instead, the attorney's fees and expenses are deducted from any settlement or judgment recovered on behalf of the class, typically as a court-approved percentage of the total recovery.

This arrangement ensures that investors can pursue their legal rights without bearing the financial burden of costly litigation, as the attorneys assume the risk and only receive compensation if they achieve a successful outcome for the class.

CONTACT Sprinklr STOCK LOSS LAWYER TODAY TIMOTHY L MILES TODAY ABOUT A Sprinklr CLASS ACTION LAWSUIT

If you suffered losses in Sprinklr stock, contact Sprinklr stock loss lawyer Timothy L. Miles today for a free case evaluation about a Sprinklr class action lawsuit. Call today and see what a Sprinklr stock loss lawyer could do for you if you suffered losses in Sprinklr stock. This will most likely be the only call you need to make. (855) 846–6529 or [email protected].

The Law Offices of Timothy L. Miles
Tapestry at Brentwood Town Center
300 Centerview Dr., #247
Brentwood, TN 37027
Phone: (855) 846–6529
Email: [email protected]

Sprinklr stock loss lawyer Timothy L. Miles

Nashville attorney Timothy L. Miles is a nationally recognized shareholder rights attorney raised in Nashville, Tennessee. Mr. Miles has dedicated his career to representing shareholders, employees, and consumers in complex class-action litigation. Whether serving as lead, co-lead, or liaison counsel, Mr. Miles has helped recover hundreds of millions of dollars for defrauded investors, shaped precedent-setting decisions, and delivered real corporate governance reforms. Judges and peers have repeatedly recognized Mr. Miles’ relentless advocacy for the underdog, as well as his unbendable ethical standards. Mr. Miles was recently selected by Martindale-Hubbell® and ALM as a 2022 Top Ranked Lawyer, 2022 Top Rated Litigator. and a 2022 Elite Lawyer of the South. Mr. Miles also maintains the AV Preeminent Rating by Martindale-Hubbell®, their highest rating for both legal ability and ethics. Mr. Miles is a member of the prestigious Top 100 Civil Plaintiff Trial Lawyers: The National Trial Lawyers Association ,Class Action: Class Action: Top National Trial Lawyers, National Trial Lawyers Association (2023), a superb rated attorney by Avvo, a recipient of the Lifetime Achievement Award by Premier Lawyers of America (2019) and recognized as a Distinguished Lawyer, Recognizing Excellence in Securities Law, by Lawyers of Distinction (2019); a Top Rated Litigator by Martindale-Hubbell® and ALM (2019-2022); America’s Most Honored Lawyers 2020 – Top 1% by America’s Most Honored (2020-2022). Mr. Miles has published over sixty articles on various issues of the law, including class actions, whistleblower cases, products liability, civil procedure, derivative actions, corporate takeover litigation, corporate formation, mass torts, dangerous drugs, and more. Please visit our website or call for free anytime.
• Top 100 Civil Plaintiff Trial Lawyers by The National Trial Lawyers Association (2017-2022).
• Class Action: Top 25 National Trial Lawyers by the National Trial Lawyers Association (2023)
• AV® Preeminent™ Attorney by Martindale-Hubbell® (2014-2022).
• AV® Preeminent™ Attorney – Judicial Edition (2017-2022).
• Top Ranked Lawyer by Martindale-Hubbell® and ALM (2019-2022).
• Top Rated Litigator by Martindale-Hubbell® and ALM (2019-2022)
• Elite Lawyer of the South by Martindale-Hubbell® and ALM (2019-2022).
• PRR AV Preeminent Rating on Lawyers.com by Martindale-Hubble® (2018-2022).
• America’s Most Honored Lawyers 2020 – Top 1% by Lawyers of Distinction (2020-2021).
• America’s Most Honored Lawyers 2020 – Top 1% by America’s Most Honored (2020-2022).
• Top 1% of Attorneys in America by Premier Lawyers of America (2019-2021).
• Nation’s Top One Persent by the National Association of Distinguished Counsel (2021).
• The Top-Rated Lawyer in Litigation™ for Ethical Standards and Legal Ability by Martindale-Hubble® (Feb. 2015).
• Distinguished Lawyer, Recognizing Excellence in Securities Law, Lawyers of Distinction (2019-2021)
• Lifetime Achievement Award by Premier Lawyers of America (2019-2021).
• Superb Rated Attorney, (10.0 out of 10), the Highest Rating Possible by Avvo.
• Avvo Top Rated Lawyer (Avvo 2017-2022).
• Avvo Client's Choice Award 2021 (Avvo 2021).
• Elite Lawyer 2021 by Elite Lawyer (2019-2021).
• America’s Most Honored Professionals – Top 1% (American Registry 2016-2022).
• Top Rated Lawyers in Tennessee (Lawyers of Distinction 2021-2022)

CONTACT
The Law Offices of Timothy L. Miles
Tapestry at Brentwood Town Center
300 Centerview Dr., #247
Brentwood, TN 37027
Phone:(855) 846-6529
Email: [email protected]