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NASDAQ: YOGA Shareholder Notice: Lawsuit Alleges Misleading Statements by YogaWorks, Inc.

Via: ReleaseWire

Updated 11:30 AM CST, Tue, January 15,2019

A lawsuit was filed on behalf of investors in YogaWorks, Inc. (NASDAQ: YOGA) shares over alleged securities laws violations.

San Diego, CA -- (SBWIRE) -- 01/15/2019 -- An investor in shares of YogaWorks, Inc. (NASDAQ: YOGA) filed a lawsuit over alleged violations of Federal Securities Laws by YogaWorks, Inc. in connection with YogaWorks' initial public offering commenced on or about August 10, 2017 and closed on August 16, 2017 (the "IPO").

Investors who purchased shares of YogaWorks, Inc. (NASDAQ: YOGA) 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 at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

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.

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.

Those who purchased shares of YogaWorks, Inc. (NASDAQ: YOGA) have certain options and should contact the Shareholders Foundation.

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

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Media Relations Contact
Michael Daniels
858-779-1554
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Web: http://www.ShareholdersFoundation.com