NEW YORK, NY - 
(NewMediaWire) - July 23, 2024 - Kaplan Fox & Kilsheimer LLP is investigating potential securities violations against LegalZoom.com (LZ) (“LegalZoom” or the “Company”) (NASDAQ: LZ).
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On July 9, 2024, LegalZoom disclosed that its “current Chief Executive Officer Dan Wernikoff will be departing the Company, including resigning from the Board” and announced the appointment of a new CEO "effective immediately.” LegalZoom also “reduced its revenue expectation for the full 2024 year to a range of $675 million to $685 million and its free cash flow for the full year to a range of $75 million to $85 million” compared to its prior expectations for revenue of $700 million to $720 million and free cash flow of $85 million to $95 million.
Following this news, the price of LegalZoom stock fell $1.99 per share, over 25%, to close at $5.86 per share on July 10, 2024.
WHY CONTACT KAPLAN FOX - Kaplan Fox is a leading national law firm focusing on complex litigation with offices in New York, Oakland, Los Angeles, Chicago and New Jersey. With over 50 years of experience in securities litigation, Kaplan Fox offers the professional experience and track record that clients demand. Through prosecuting cases on the federal and state levels, Kaplan Fox has successfully shaped the law through winning many important decisions on behalf of our clients. For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.kaplanfox.com.
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If you have any questions about this investigation, please contact:
Pamela A. Mayer
KAPLAN FOX & KILSHEIMER LLP
800 Third Avenue, 38th Floor
New York, New York 10022
(646) 315-9003
E-mail: pmayer@kaplanfox.com
Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1560
Oakland, California 94612
(415) 772-4704
Fax: (415) 772-4707
E-mail: lking@kaplanfox.com
