In December 2021, Everbridge (EVBG) lost approximately half of its value. This highly speculative investment is only for investors willing to take the highest level of risk. If you are not such an investor, and recommended this investment by your advisor, please call 1-866-817-0201.
We are currently investigating the circumstances surrounding the fall of EVBG. While the popular refrain is that the losses were unexpected due to the abrupt resignation of CEO David Meredith, we believe that issues with this investment were known prior to the resignation.
The volatility of this investment known to be a speculative option for investment. This company built assets faster than its revenue growth. Some external analysts even saw extreme financial distress in the finances of EVBG to the extent that they opined imminent bankruptcy.
Additionally, we believe that the internal research of the broker-dealers originally recommending EVBG will reveal problems at EVBG. The advisors never revealed and disregarded these issues until the abrupt resignation of Meredith.
As such, we are looking to speak to investors to investigate our suspicions. To be clear, we are currently only looking at brokerage firms recommending this investment to moderate or conservative investors. If you were recommended EVBG please contact us at the number above.