ROSEN, THE FIRST FILE COMPANY, encourages Paycom Software, Inc. investors. to obtain advice… | Nation/World

NEW YORK, November 19, 2023 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, announces that it has filed a class action lawsuit on behalf of purchasers of the securities of Paycom Software, Inc. between May 3, 2023 and November 1, 2023. (NYSE: PAYC), both dates inclusive (the “Class Period”). A class action has already been filed. If you wish to serve as lead plaintiff, you must petition the Court no later than January 9, 2024 in the securities class action brought by the firm.

SO WHAT: If you purchased Paycom securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Paycom class action, visit https://rosenlegal.com/submit-form/?case_id=20233 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information about the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 9, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified advisors with a track record of success in leadership roles. Companies issuing notices often do not have comparable experience, resources or any meaningful recognition from peers. Many of these companies do not actually litigate securities class actions. Be wise when choosing 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 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 company managed to raise more than $438 million for investors. In 2020, founder Laurence Rosen was named Titan of Plaintiffs’ Bar by law360. Many of the firm’s lawyers are recognized by Lawdragon and Super Lawyers.

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DETAILS OF THE CASE: According to the lawsuit, Defendants throughout the Class Period made materially false and/or misleading statements and/or failed to disclose that: (1) Paycom’s Beti product led to cannibalization of the Company’s services and revenues ; (2) Paycom knew but failed to disclose that Beti led to cannibalization of Paycom’s services and revenues, and failed to warn of cannibalization as a general risk; (3) due to the revenue cannibalization, Paycom has missed expected revenues for the third quarter of 2023 and should revise its expected revenues for 2023; (4) the cannibalization problem resulted in projected annualized revenue growth for 2024 of between 10% and 12%, well below expectations; and (5) as a result, Defendants’ statements about its business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the real details emerged, the lawsuit claims investors suffered damages.

To join the Paycom class action, visit https://rosenlegal.com/submit-form/?case_id=20233 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information about the class action

No class is certified. Until a class is certified, you will not be represented by counsel unless you retain one. You can select a lawyer of your choice. You can also remain an absent class member and do nothing at this time. An investor’s ability to share in any future recovery is not contingent upon serving as lead plaintiff.

For updates, follow us on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. 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. Rosen Law Firm has the largest ever class action settlement achieved against a Chinese company. Rosen Law Firm’s attorneys are ranked and recognized by numerous independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors.

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Advertising lawyer. Previous results do not guarantee a comparable result.

Contact details:

Laurence Rosen, Esq.

Phillip Kim, Esq.

The Rosen Law Firm, PA

275 Madison Avenue, 40th floor

New York, NY 10016

Phone: (212) 686-1060

Toll Free: (866) 767-3653

Fax: (212) 202-3827

[email protected]

[email protected]

[email protected]

www.rosenlegal.com

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