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Financials : Banks | Large Cap Value
Company profile

Citigroup Inc. is a diversified financial services holding company. The Company provides a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management. Its operating business segments include Institutional Clients Group (ICG), Personal Banking and Wealth Management (PBWM), Legacy Franchises and Corporate/Other. ICG segment consists of services, markets, and banking that provides corporate, institutional, and public sector clients with a range of wholesale banking products and services. The Company’s PBWM segment consists of United States (US) personal banking and global wealth management, providing traditional banking services and credit cards to retail and small business customers in the U.S. Its Legacy Franchises segment includes Asia consumer banking, Mexico consumer banking/Mexico small business and middle-market banking (SBMM) and legacy holdings assets.

Closing Price
$51.13
Day's Change
0.27 (0.53%)
Bid
--
Ask
--
B/A Size
--
Day's High
51.76
Day's Low
50.59
Volume
(Light)
Volume:
14,360,969

10-day average volume:
19,606,023
14,360,969

OLO SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Olo Inc. - OLO

10:51 pm ET November 21, 2022 (Accesswire) Print

NEW ORLEANS, LA / ACCESSWIRE / November 21, 2022 / Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have untilNovember 28, 2022 to file lead plaintiff applications in a securities class action lawsuit against Olo Inc. (NYSE:OLO), if they purchased the Company's shares between August 11, 2021 and August 11, 2022, inclusive (the "Class Period"). This action is pending in the United States District Court for the Southern District of New York.

What You May Do

If you purchased shares of Olo and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com), or visit https://www.ksfcounsel.com/cases/nyse-olo/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by November 28, 2022.

About the Lawsuit

Olo and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

On August 11, 2022, the Company announced disappointing results for 2Q2022, disclosing lowered revenue guidance and a flat active location count due to the loss of 2,500 Subway locations resulting from Subway's implementation of direct integration with marketplaces, and that the Company expected the remaining Subway locations to also end their contracts by 4Q2022 or 1Q2023, which effects the Company claimed to have incorporated into its guidance months earlier without informing the market.

On this news, shares of Olo stock plummeted approximately 36%, from a closing price of $12.99 per share on August 11, 2022, to a closing price of $8.26 per share on August 12, 2022.

The case is Pompano Beach Police and Firefighters' Retirement System v. Olo Inc., No. 1:22-cv-08228.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. KSF serves a variety of clients - including public institutional investors, hedge funds, money managers and retail investors - in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, California, Louisiana and New Jersey.

To learn more about KSF, you may visit www.ksfcounsel.com.

Contact:

Kahn Swick & Foti, LLC, Monday, November 21, 2022, Press release picture

Kahn Swick & Foti, LLC

Lewis Kahn, Managing Partner

lewis.kahn@ksfcounsel.com

1-877-515-1850

1100 Poydras St., Suite 3200

New Orleans, LA 70163

SOURCE: Kahn Swick & Foti, LLC





View source version on accesswire.com:

https://www.accesswire.com/727633/OLO-SHAREHOLDER-ALERT-BY-FORMER-LOUISIANA-ATTORNEY-GENERAL-KAHN-SWICK-FOTI-LLC-REMINDS-INVESTORS-WITH-LOSSES-IN-EXCESS-OF-100000-of-Lead-Plaintiff-Deadline-in-Class-Action-Lawsuit-Against-Olo-Inc--OLO



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COMTEX_419451169/2457/2022-11-21T22:51:16

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