YogaWorks, Inc. (NASDAQ: YOGA) Investor Securities Class Action Lawsuit 12/27/2018

If you purchased shares of YogaWorks, Inc. (NASDAQ: YOGA), you have certain options and for certain investors are short and strict deadlines running. Deadline: February 25, 2019. NASDAQ: YOGA investors should contact the Shareholders Foundation, Inc.

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Company Name(s): 
Case Name: 
YogaWorks Shareholder Class Action Lawsuit 12/27/2018
Case Status: 
Lawsuit Filed
Affected Securities
Lawsuit Overview
Type of Lawsuit: 
Shareholder Class Action
Date Filed: 
Court of Filing: 
U.S. District Court for the Central District of California
Deadline To File for Lead: 

An investor in shares of YogaWorks, Inc. (NASDAQ: YOGA) filed a lawsuit in the U.S. District Court for the Central District of California over alleged violations of Federal Securities Laws by YogaWorks, Inc. in connection with certain allegedly false and misleading statements made in connection with YogaWorks’ initial public offering commenced on or about August 10, 2017 and closed on August 16, 2017 (the “IPO”).

Cluver City, CA based YogaWorks, Inc. operates yoga studios under the YogaWorks and Yoga Tree brand names in the United States. YogaWorks, Inc. reported that its annual Total Revenue rose from $55.09 million in 2016 to $54.51 million in 2017 and that its Net Loss increased from $9.5 million in 0216 to $23.43 million in 2017.

Shares of YogaWorks, Inc. (NASDAQ: YOGA) declined to as low as $0.883 per share on October 30, 2018.

According to the complaint the plaintiff alleges that YogaWorks’ Registration Statement and Prospectus made materially misleading statements regarding YogaWorks’ studio-level economics and the adverse trends it faced in declining studio profitability, regarding reasons for YogaWorks’ declining revenue, including increasing corporate overhead costs, and regarding YogaWorks’ increasing corporate infrastructure costs and inability to achieve economies of scale.