NEW YORK, Nov. 3, 2023 /PRNewswire/ — Pomerantz LLP is investigating claims on behalf of investors of Okta Inc. (“Okta” or the “Company”) (NASDAQ: OKTA). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 7980.
The investigation concerns whether Okta and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On October 20, 2023, Okta’s Chief Security Officer David Bradbury disclosed in a blog post that “Okta Security has identified adversarial activity that leveraged access to a stolen credential to access Okta’s support case management system.” Bradbury stated that “[t]he threat actor was able to view files uploaded by certain Okta customers as part of recent support cases” and that “[a]ll customers who were impacted by this have been notified.”
On this news, Okta’s stock price fell $9.89 per share, or 11.57%, to close at $75.57 per share on October 20, 2023.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com.
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Robert S. Willoughby
888-476-6529 ext. 7980
SOURCE Pomerantz LLP