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ACCD EQUITY ALERT: Rosen Law Firm Encourages Lossed Accolade, Inc. Investors to Learn About Securities Class Action Investigation – ACCD

NEW YORK–(BUSINESS WIRE)–WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation into potential securities claims on behalf of shareholders of Accolade, Inc. (NASDAQ:ACCD) arising from allegations that Accolade may have provided misleading business information to the investing public.

SO WHAT: If you have purchased Accolade securities, you may be entitled to compensation without payment of out-of-pocket fees or costs through a contingent fee arrangement. The Rosen law firm is preparing a class action lawsuit to recover investors’ losses.

WHAT TO DO NEXT: To join the potential class action, go to https://rosenlegal.com/submit-form/?case_id=5790 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for class action information.

WHAT DOES IT TALK ABOUT: On April 28, 2022, after hours, Accolade released its 4th quarter 2022 financial results. Accolade disclosed that “a large customer has informed us that they will be terminating their service relationship with us after the end of the calendar 2022”. Additionally, Accolade posted steep losses, with a quarterly loss of $0.27 per share, missing consensus estimates. During the earnings call, Accolade CEO Rajeev Singh revealed that the “big customer” was Comcast, one of Accolade’s largest and oldest customers.

On this news, Accolade stock price fell $5.50 per share, or more than 49%, to close at $5.56 per share on April 29, 2022.

WHY THE ROSEN LAW: We encourage investors to select qualified lawyers with proven track records in leadership roles. Often, companies issuing reviews do not have comparable experience, resources, or significant peer recognition. Many of these companies do not bring securities class action lawsuits. Be wise in choosing lawyers. Rosen Law Firm represents investors worldwide, focusing its practice on securities class action and shareholder derivative litigation. Rosen Law Firm has reached the largest securities class action settlement against a Chinese company. Rosen Law Firm was ranked #1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. The firm has ranked in the top 4 every year since 2013 and has recovered hundreds of million dollars for investors. In 2019 alone, the company 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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