Investor: Tech Company Hid Cyberattack, COVID-19 Effects On Contract Execution

Mealey's (February 9, 2022, 1:11 PM EST) -- ALEXANDRIA, Va. — A technology company and certain key current and former senior executives violated federal securities laws by failing to disclose to investors that expected revenue growth coming from contracts the company entered into with governmental agencies to provide its digital identity software would be delayed due to a cyberattack scandal and the COVID-19 pandemic, a shareholder alleges in a securities class action complaint filed Feb. 7 in Virginia federal court....