Class Action Lawsuit Filed Against Edgio, Inc. f/k/a Limelight Networks, Inc.

Pomerantz Law Firm Announces the Filing of a Class Action Lawsuit

On June 23, 2023, Pomerantz LLP announced that a class action lawsuit has been filed against Edgio, Inc. f/k/a Limelight Networks, Inc. (“Edgio” or the “Company”) (NASDAQ: EGIO), and certain officers. The class action was filed in the United States District Court for the District of Arizona, Phoenix Division.

The lawsuit is on behalf of shareholders who purchased or otherwise acquired Edgio securities between a certain date and another certain date. The complaint alleges that during the class period, defendants made false and/or misleading statements and/or failed to disclose that [include details about the allegations made in the lawsuit].

As the case progresses, it will be interesting to see how it unfolds and what decisions are made by the court. Shareholders will be closely monitoring the developments to see if they are entitled to any compensation for their losses.

Impact on Individuals:

As an individual investor who may have purchased Edgio securities during the specified time period, this class action lawsuit could have a direct impact on your financial interests. It is important to stay informed about the progress of the case and consider seeking legal advice if needed.

Impact on the World:

Class action lawsuits against corporations like Edgio can have broader implications for the financial markets and investor confidence. The outcome of this case could set a precedent for similar lawsuits in the future and may lead to changes in corporate governance and transparency practices.

Conclusion:

Overall, the filing of a class action lawsuit against Edgio, Inc. f/k/a Limelight Networks, Inc. by Pomerantz LLP raises important questions about corporate accountability and investor protection. It will be interesting to see how the case unfolds and what impact it has on both individual investors and the broader financial landscape.