Lawyers with Morrison & Foerster and Morgan, Lewis & Bockius have stepped in to defend virtual event platform ON24 Inc. and the underwriters of its 2021 IPO in a pending securities class action. The suit, filed Nov. 3 in California Northern District Court, accuses the defendants of misleading investors regarding the company’s ability to sustain customer growth experienced during the COVID-19 pandemic. The case, assigned to U.S. District Judge Yvonne Gonzalez Rogers, is 4:21-cv-08578, Douvia v. On24, Inc. et al.
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