NEW YORK, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, reminds investors that a class action lawsuit has been filed against Adobe Inc. (“Adobe” or the “Company”) (NASDAQ: ADBE) in the United States District Court for the Southern District of New York on behalf of all persons and entities who purchased or otherwise acquired Adobe common stock between July 23, 2021 and September 15, 2022, both dates inclusive (the “Class Period”). Investors have until December 19, 2023 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

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The filed complaint alleges that defendants made false statements and/or concealed that: (a) Figma was growing its market share and was becoming a leader in user experience design; (b) Figma was in direct competition with Adobe on user experience design; (c) Adobe's product "Express" was not an effective counter to Figma's growing market share in bringing new customers to Adobe's paid offerings; (d) Adobe's other offerings were not succeeding in competing with Figma on user experience design; and (e) Adobe was losing market share to Figma.

If you purchased or otherwise acquired Adobe shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Marion Passmore by email at investigations@bespc.com, telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.

About Bragar Eagel & Squire, P.C.:

Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information:

Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Marion Passmore, Esq.
(212) 355-4648
investigations@bespc.com
www.bespc.com