Investors can contact the law firm at no cost to learn more about recovering their losses
LOS ANGELES, Oct. 23, 2023 (GLOBE NEWSWIRE) — The Portnoy Law Firm advises Okta, Inc. (“Okta” or “the Company”) (NASDAQ:OKTA) investors that the firm has initiated an investigation into possible securities violations and may file a class action on behalf of investors. Okta investors that lost money on their investment are encouraged to contact Lesley Portnoy, Esq.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
The investigation is focused on determining whether the Company made false or misleading statements, or failed to disclose material information that could impact investors. Okta has come under scrutiny following an article published by Barron’s on October 20, 2023, titled “Okta Stock Drops After Hacker Gains Access to Support System.” According to the article, Okta revealed that a hacker had gained entry to its support system using a stolen credential. In an online statement, the Company’s Chief Security Officer confirmed, “The threat actor managed to access files uploaded by specific Okta customers as part of recent support cases.”
In response to this news, Okta’s shares saw a significant drop of nearly 11.6% on the same day.
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The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com
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