WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Everbridge, Inc. (NASDAQ: EVBG) resulting from allegations that Everbridge may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased Everbridge securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.

WHAT TO DO NEXT: To join the prospective class action, go to http://www.rosenlegal.com/cases-register-2244.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

WHAT IS THIS ABOUT: On December 9, 2021, Everbridge disclosed that on December 6, 2021, David Meredith, Everbridge’s Chief Executive Officer and a member of the Company’s Board of Directors, informed the Company of his intention to resign from his roles at Everbridge effective January 30, 2022 and that on December 8, 2021, Everbridge’s Board of Directors accepted Mr. Meredith’s resignation.

On this news, Everbridge’s stock price fell $52.37 per share, or 45.39%, to close at $63.00 per share on December 10, 2021.

On January 24, 2022, asset management firm Baron Funds (“Baron”) published its “Baron Discovery Fund” fourth quarter 2021 investor letter. Baron’s investor letter discussed the firm’s decision to dispose of its Everbridge shares, noting, in relevant part, that “[s]hares of Everbridge declined in the fourth quarter after the company announced the resignation of its CEO and guided for a slowdown in organic growth.”

On this news, Everbridge’s stock price fell $3.69 per share, or 7.19%, to close at $47.60 per share on January 25, 2022.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

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