INVESTOR ACTION REMINDER: The Schall Law Firm Reminds Investors of a Class Action Lawsuit Against Aterian, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
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Los Angeles, CA - (NewMediaWire) - May 19, 2021 - The Schall Law Firm, a national shareholder rights litigation
firm, reminds investors of a class action lawsuit against Aterian,
Inc. (“Aterian” or “the Company”) (NASDAQ: ATER) for violations of §§10(b) and 20(a) of the
Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the
U.S. Securities and Exchange Commission.
Investors who purchased the Company's securities
between December 1, 2020 and May 3, 2021, inclusive (the ''Class Period''), are
encouraged to contact the firm before July 12, 2021.
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. Aterian suffered from a steep
decline in organic growth. The Company’s recent acquisitions were flawed assets
that it overpaid for. Customer interest in the Company’s AI software was low.
The Company used rebate programs and paid reviews to bolster their product
offerings. Based on these facts, the Company’s public statements were false and
materially misleading throughout the class period. When the market learned the
truth about Aterian, investors suffered damages.
(NewMediaWire) - May 19, 2021 - The Schall Law Firm, a national shareholder rights litigation
firm, reminds investors of a class action lawsuit against Aterian,
Inc. (“Aterian” or “the Company”) (NASDAQ: ATER) for violations of §§10(b) and 20(a) of the
Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the
U.S. Securities and Exchange Commission.
