SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of PowerSchool Holdings, Inc. Investors.

NEW YORK, May 16, 2024 /PRNewswire/ — Pomerantz LLP is investigating claims on behalf of investors in PowerSchool Holdings, Inc. (“PowerSchool” or the “Company”) (NYSE: PWSC). Such investors are advised to get in touch Danielle Peyton at (email protected) or 646-581-9980, extension 7980.

The investigation concerns whether PowerSchool and certain of its officers and/or directors engaged in securities transactions Fraud or other unlawful business practices.

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At April 17, 2024, Spruce Point Capital Management (“Spruce Point”) issued a report on PowerSchool. Citing a “forensic audit of (PowerSchool), one of the largest K-12 software providers in North AmericaThe Spruce Point report expressed “concerns about the company’s aggressive accounting practices, unsustainable growth expectations, and the sale of a product that may violate several states’ child privacy laws.” The Spruce Point report continues allegedly that “PowerSchool’s Board of Directors may be conflicted and, as a result, may not serve all shareholders equally.”

On this news, PowerSchool’s stock price fell $1.94 per share or 9.83% to close $17.79 per share April 17, 2024.

Pomerantz LLP, with offices in new York, Chicago, Los Angeles, London, ParisAnd Tel Aviv, is considered one of the leading law firms in the areas of corporate, securities and antitrust litigation. Founded by the deceased Abraham L. PomerantzPomerantz, known as the dean of the class action bar, pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues the tradition he founded and fights for the rights of securities victims Fraud, breaches of fiduciary duty and corporate misconduct. The company has recovered billions of dollars in damages on behalf of the class plaintiffs. See www.pomlaw.com.

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CONTACT:
Danielle Peyton
Pomerantz LLP
(email protected)
646-581-9980 ext 7980

SOURCE Pomerantz LLP