{"id":5721,"date":"2024-04-21T04:39:00","date_gmt":"2024-04-20T21:39:00","guid":{"rendered":"https:\/\/www.globenewswire.com\/news-release\/2024\/04\/20\/2866457\/673\/en\/KIND-KVSB-DEADLINE-NOTICE-ROSEN-GLOBAL-INVESTOR-COUNSEL-Encourages-Nextdoor-Holdings-Inc-f-k-a-Khosla-Ventures-Acquisition-Co-II-Investors-with-Losses-in-Excess-of-100K-to-Secure-C.html2"},"modified":"2024-04-21T04:39:00","modified_gmt":"2024-04-20T21:39:00","slug":"kind-kvsb-deadline-notice-rosen-global-investor-counsel-encourages-nextdoor-holdings-inc-f-k-a-khosla-ventures-acquisition-co-ii-investors-with-losses-in-excess-of-100k-to-secure-counsel-befo","status":"publish","type":"post","link":"https:\/\/cryptoinsider.asia\/vi\/kind-kvsb-deadline-notice-rosen-global-investor-counsel-encourages-nextdoor-holdings-inc-f-k-a-khosla-ventures-acquisition-co-ii-investors-with-losses-in-excess-of-100k-to-secure-counsel-befo\/","title":{"rendered":"KIND, KVSB DEADLINE NOTICE: ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Nextdoor Holdings, Inc. f\/k\/a Khosla Ventures Acquisition Co. II Investors with Losses in Excess of $100K to Secure Counsel Before Important April 29 Deadline in Securities Class Action \u2013 KIND, KVSB"},"content":{"rendered":"\n

NEW YORK, April 20, 2024 (GLOBE NEWSWIRE) — <\/p>\n

WHY: <\/strong>Rosen Law Firm, a global investor rights law firm, reminds purchasers of Class A common stock of Nextdoor Holdings, Inc. f\/k\/a Khosla Ventures Acquisition Co. II (NYSE: KIND) (NASDAQ: KVSB) between July 6, 2021 and November 8, 2022, both dates inclusive (the \u201cClass Period\u201d), of the important April 29, 2024 lead plaintiff deadline.<\/strong><\/p>\n

SO WHAT:<\/strong> If you purchased Nextdoor Class A common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.<\/p>\n

WHAT TO DO NEXT: <\/strong>To join the Nextdoor class action, go to https:\/\/rosenlegal.com\/submit-form\/?case_id=22886<\/a> or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com<\/a> for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than April 29, 2024<\/strong>. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.<\/p>\n

WHY ROSEN LAW: <\/strong>We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. <\/strong>Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs\u2019 Bar. Many of the firm\u2019s attorneys have been recognized by Lawdragon and Super Lawyers.<\/p>\n

DETAILS OF THE CASE: <\/strong>According to the lawsuit, defendants made false and\/or misleading statements and\/or failed to disclose that: (1) Nextdoor\u2019s financial results prior to the merger had been temporarily inflated by the ephemeral effects of the COVID-19 pandemic, which had pulled forward demand for Nextdoor\u2019s platform and cannibalized future advertising revenue growth; (2) rather than being sustained, such growth trends had already begun reversing at the start of the Class Period; (3) Nextdoor\u2019s total addressable market was materially smaller than the 312 million households represented to investors; and (4) by the start of the Class Period, Nextdoor\u2019s most important market \u2013 the U.S. market \u2013 was already substantially saturated, impairing Nextdoor\u2019s ability to monetize users and increase its average revenue per weekly active user (\u201cARPU\u201d) or U.S. weekly active users (\u201cWAUs\u201d). When the true details entered the market, the lawsuit claims that investors suffered damages.<\/p>\n

To join the Nextdoor class action, go to https:\/\/rosenlegal.com\/submit-form\/?case_id=22886<\/a> or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com<\/a> for information on the class action.<\/p>\n

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor\u2019s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.<\/p>\n

Follow us for updates on LinkedIn: https:\/\/www.linkedin.com\/company\/the-rosen-law-firm<\/a>, on Twitter: https:\/\/twitter.com\/rosen_firm<\/a> or on Facebook: https:\/\/www.facebook.com\/rosenlawfirm\/<\/a>.<\/p>\n

Attorney Advertising. Prior results do not guarantee a similar outcome.<\/p>\n

——————————-<\/p>\n

Contact Information:<\/p>\n

        Laurence Rosen, Esq.
        Phillip Kim, Esq.
        The Rosen Law Firm, P.A.
        275 Madison Avenue, 40th Floor
        New York, NY 10016
        Tel: (212) 686-1060
        Toll Free: (866) 767-3653
        Fax: (212) 202-3827
        case@rosenlegal.com<\/a>
        www.rosenlegal.com<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

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