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BOSTON, MA / ACCESSWIRE / October 12, 2021 / Law firm Thornton is warning investors that a class action lawsuit has been filed on behalf of investors in The Honest Company, Inc. (NASDAQ: HNST). The case is currently at the stage of the principal applicant. Investors who have purchased HNST shares or other securities in accordance with offering documents issued as part of Honest Company’s initial public offering in May 2021 may contact the investor protection team at law firm Thornton by visiting www.tenlaw.com/cases/HonestCompany for more information. Investors can also email investors[email protected] or call 617-531-3917.

FOR MORE INFORMATION: www.tenlaw.com/cases/HonestCompany

The case alleges that the registration statement was materially false and misleading and omitted that: (i) prior to the IPO, Honest Company’s results were significantly affected by a multi-million dollar stock of COVID-19 for products in the Nappies and Wipes category and the Household and well-being category; (ii) at the time of the IPO, Honest Company was experiencing a deceleration in demand for these products; and (iii) as a result, Honest Company’s financial results would likely be adversely affected.

Interested investors in the Honest Company have until November 15, 2021 to retain a lawyer and apply to be the lead applicant if they are interested. A lead plaintiff is acting on behalf of all other class investors in the management of the class action. Investors do not need to be a Principal Applicant to be a Class Member. If investors choose not to take any action, they can remain an absent member of the group. The class has not yet been certified. Until certification occurs, investors are not represented by legal counsel. The Thornton law firm is not currently representing a plaintiff who has filed a complaint, but is investigating the case on behalf of investors interested in being a lead plaintiff.

FOR MORE INFORMATION: www.tenlaw.com/cases/HonestCompany

The securities attorneys at Thornton Law Firm are very experienced in representing investors for the recovery of damages caused by violations of securities laws. Its lawyers have a track record of securities litigation in courts across the country and loss recovery on behalf of investors. This may be considered a lawyer advertisement in some jurisdictions. Past results do not guarantee or predict a similar result with respect to any future matter.

CONTACT:

Thornton LLP Law Firm
1 Lincoln Street
State Street Financial Center
Boston, MA 02111
www.tenlaw.com/cases/HonestCompany

THE SOURCE: Thornton LLP Law Firm

See the source version on accesswire.com:
https://www.accesswire.com/667764/HONEST-COMPANY-INVESTOR-ALERT-Shareholder-Lawsuit-Filed

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