Berman Tabacco Announces Investigation of PowerSchool Holdings LLC formerly known as Severin Holdings, LLC. for Potential Securities Law Violations

/EIN News/ -- BOSTON, May 02, 2024 (GLOBE NEWSWIRE) -- Berman Tabacco, a national law firm representing investors, is investigating potential securities law violations by PowerSchool Holdings LLC (“Holdings LLC”), formerly known as Severin Holdings, LLC. (“PowerSchool” or the “Company”) (NYSE: PWSC).

About the Investigation

On July 30, 2021, the Company completed the IPO of 39,473,685 shares of Class A common stock, par value $0.0001 per share, at an offering price of $18.00 per share, and received $673.2 million in IPO proceeds, net of $37.3 million in underwriting discounts and commissions.

On April 17, 2024, Bloomberg reported PowerSchool shares fell in premarket trading after Spruce Point Capital Management said it was “short” and “sees 30% to 60% long-term downside risk to PowerSchool’s share price.”

Contact

If you have information concerning this investigation, please contact us here: Contact | Berman Tabacco.

About Berman Tabacco

Since 1982, our firm has prosecuted hundreds of securities and antitrust complex cases. The firm and its attorneys have been recognized for their work on behalf of plaintiffs, including by Chambers USA, Benchmark Litigation, which has ranked the firm as Highly Recommended and a Top Ten Plaintiffs, The Legal 500, U.S. News & World Report-Best Lawyers, The Daily Journal, Lawdragon, Who's Who Legal, and Super Lawyers.

The firm has offices in Boston, Massachusetts and San Francisco, California.

This notice may constitute attorney advertising.  

Contact:

Berman Tabacco

One Liberty Square

Boston, Massachusetts

(800) 516-9926

Email: law@bermantabacco.com