Legal Brief: Latch Faces Class Action

October 13, 2022
Security Business Magazine

Types : Bylined Articles

Potential securities law violations have the access control manufacturer under the microscope

As a lawyer, I am often contacted by recruiters soliciting me to move my law practice to another law firm. Sometimes, well-intentioned recruiters pitch me with exciting opportunities for a “securities” lawyer like me. Inevitably, I correct their misapprehension – clarifying that I am a “security” lawyer, not a “securities” lawyer. Big difference.

Yet, sometimes these two worlds collide – as is the case in a recent class action lawsuit filed against security company Latch Inc. for alleged securities law violations.

Latch is a technology company that specializes in keyless entry security systems to open and manage doors in apartment buildings from a smartphone. In June 2021, Latch became a public company and was listed on the NASDAQ trading platform under symbol LTCH. As a public company, Latch is subject to federal and state securities laws – which, among other things, require regular disclosures about the company’s financial condition.


Class Action

Montgomery McCracken’s Class Action Practice is a core strength of the firm. We have extensive experience representing defendants in class actions throughout the United States. Our clients range from consumer […]

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Confidential business and consumer information is one of the most valuable assets to any organization. Keeping it confidential while complying with privacy laws and regulations is more important than ever. Liability […]

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