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Stock impact report

STOCKHOLDER ALERT: Kaskela Law LLC Announces Investigation of TaskUs, Inc. (TASK) and Encourages Long-Term Investors to Contact the Firm

TaskUs, Inc. - Class A (TASK) 
Company Research Source: Business Wire
PHILADELPHIA--(BUSINESS WIRE)--Kaskela Law LLC announces that it is investigating TaskUs, Inc. (NASDAQ: TASK) on behalf of the company’s long-term investors.Recently an amended securities fraud complaint was filed against TaskUs on behalf of certain investors who purchased shares of the company’s stock between June 11, 2021 and January 19, 2022. According to the complaint, during that time period TaskUs and certain of the company’s senior executive officers made a series of materially false and misleading statements concerning two key human capital (the core of TaskUs’ business) metrics: (i) TaskUs’s employee attrition rate and (ii) its rating on Glassdoor.As detailed in the complaint, on January 20, 2022, Spruce Point Capital Management, LLC (“Spruce Point”) issued a report on TaskUs titled “Moderating the Bull Case Content” (the “Report”). Based on a “forensic financial and accounting review” of TaskUs and interviewing former TaskUs executives and employees, Spruce Point conclud Show less Read more
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