ROSEN, A LEADING LAW FIRM, Encourages Nextdoor Holdings, Inc. f/okay/a Khosla Ventures Acquisition Co. II Traders to Safe Counsel Earlier than Vital Deadline in Securities Class Motion “ KIND, KVSB

NEW YORK, April 07, 2024 (GLOBE NEWSWIRE) —

WHY: Rosen Regulation Agency, a worldwide investor rights legislation agency, reminds purchasers of Class A standard inventory of Nextdoor Holdings, Inc. f/okay/a Khosla Ventures Acquisition Co. II (NYSE: KIND) (NASDAQ: KVSB) between July 6, 2021 and November 8, 2022, each dates inclusive (the Class Interval), of the vital April 29, 2024 lead plaintiff deadline.

SO WHAT: In case you bought Nextdoor Class A standard inventory through the Class Interval it’s possible you’ll be entitled to compensation with out cost of any out of pocket charges or prices via a contingency price association.

WHAT TO DO NEXT: To hitch the Nextdoor class motion, go to https://rosenlegal.com/submit-form/?case_id=22886 or name Phillip Kim, Esq. toll-free at 866-767-3653 or e-mail case@rosenlegal.com for data on the category motion. A category motion lawsuit has already been filed. In case you want to function lead plaintiff, you could transfer the Courtroom no later than April 29, 2024. A lead plaintiff is a consultant social gathering appearing on behalf of different class members in directing the litigation.

WHY ROSEN LAW: We encourage buyers to pick certified counsel with a observe file of success in management roles. Typically, companies issuing notices should not have comparable expertise, sources or any significant peer recognition. Many of those companies don’t really litigate securities class actions, however are merely middlemen that refer purchasers or accomplice with legislation companies that really litigate the instances. Be clever in deciding on counsel. The Rosen Regulation Agency represents buyers all through the globe, concentrating its apply in securities class actions and shareholder spinoff litigation. Rosen Regulation Agency has achieved the biggest ever securities class motion settlement towards a Chinese language Firm. Rosen Regulation Agency was Ranked No. 1 by ISS Securities Class Motion Providers for variety of securities class motion settlements in 2017. The agency has been ranked within the high 4 annually since 2013 and has recovered a whole bunch of thousands and thousands of {dollars} for buyers. In 2019 alone the agency secured over $438 million for buyers. In 2020, founding accomplice Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Most of the agency’s attorneys have been acknowledged by Lawdragon and Tremendous Attorneys.

DETAILS OF THE CASE: In accordance with the lawsuit, defendants made false and/or deceptive statements and/or did not disclose that: (1) Nextdoor’s monetary outcomes previous to the merger had been briefly inflated by the ephemeral results of the COVID-19 pandemic, which had pulled ahead demand for Nextdoor’s platform and cannibalized future promoting income progress; (2) reasonably than being sustained, such progress tendencies had already begun reversing initially of the Class Interval; (3) Nextdoor’s complete addressable market was materially smaller than the 312 million households represented to buyers; and (4) by the beginning of the Class Interval, Nextdoor’s most vital market “ the U.S. market “ was already considerably saturated, impairing Nextdoor’s potential to monetize customers and enhance its common income per weekly lively consumer (ARPU) or U.S. weekly lively customers (WAUs). When the true particulars entered the market, the lawsuit claims that buyers suffered damages.

To hitch the Nextdoor class motion, go to https://rosenlegal.com/submit-form/?case_id=22886 or name Phillip Kim, Esq. toll-free at 866-767-3653 or e-mail case@rosenlegal.com for data on the category motion.

No Class Has Been Licensed. Till a category is licensed, you aren’t represented by counsel until you keep one. You might choose counsel of your selection. You might also stay an absent class member and do nothing at this level. An investor’s potential to share in any potential future restoration just isn’t dependent upon serving as lead plaintiff.

Observe us for updates on LinkedIn: https://www.linkedin.com/firm/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Fb (NASDAQ:): https://www.fb.com/rosenlawfirm/.

Legal professional Promoting. Prior outcomes don’t assure an identical consequence.

Contact Data:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Regulation Agency, P.A.
275 Madison Avenue, fortieth Flooring
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
case@rosenlegal.com
www.rosenlegal.com