Los Angeles - 
(NewMediaWire) - November 1, 2021 - The Schall Law Firm, a national shareholder rights litigation
firm, announces the filing of a class action lawsuit against The
Honest Company, Inc. (“Honest” or “the Company”) (NASDAQ: HNST) for
violations of the
federal securities laws.
Investors who
purchased the Company's shares pursuant and/or traceable to the Company’s
initial public offering conducted in May 2021 (the “IPO”), are encouraged to
contact the firm before November 15, 2021.
If you are a
shareholder who suffered a loss, click here to participate.
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 brian@schallfirm.com.
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.
Honest’s sales surged prior to the IPO based on high customer demand during the
COVID-19 stock-up period. At the time of the IPO, demand for the Company’s
products was decelerating considerably. Based on this consumer behavior, the
Company’s sales were not likely to be maintained at the pre-IPO levels. Based
on these facts, the Company’s public statements were false and materially
misleading throughout the IPO period. When the market learned the truth about
Honest, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm
represents investors around the world and specializes in securities class
action lawsuits and shareholder rights litigation.
This press release may
be considered Attorney Advertising in some jurisdictions under the applicable
law and rules of ethics.
CONTACT:
The Schall
Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
SOURCE:
The Schall Law Firm
