Los Angeles - 
(NewMediaWire) - November 9, 2021 - The Schall Law Firm, a national shareholder rights litigation
firm, announces the filing of a class action lawsuit against The
Honest Company, Inc. (“Honest” or “the Company”) (NASDAQ: HNST) for violations of the federal securities laws.
Investors who purchased the Company's shares pursuant
and/or traceable to the Company’s initial public offering conducted in May 2021
(the “IPO”), are encouraged to contact the firm before November 15, 2021.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of
the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067,
at 310-301-3335, to discuss your rights free of charge. You can also reach us
through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.
The class, in this case, has not yet been
certified, and until certification occurs, you are not represented by an
attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made
false and misleading statements to the market. Honest’s sales surged prior to
the IPO based on high customer demand during the COVID-19 stock-up period. At
the time of the IPO, demand for the Company’s products was decelerating
considerably. Based on this consumer behavior, the Company’s sales were not
likely to be maintained at the pre-IPO levels. Based on these facts, the
Company’s public statements were false and materially misleading throughout the
IPO period. When the market learned the truth about Honest, investors suffered
damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around
the world and specializes in securities class action lawsuits and shareholder
rights litigation.
This press release may be considered Attorney
Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
SOURCE:
The Schall Law Firm
