NEW YORK, June 23, 2025 (GLOBE NEWSWIRE) — Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, announces the filing of a class action lawsuit against KnowBe4, Inc. (“KnowBe4” or the “Company”) for violations of the federal securities laws on behalf of investors who: (a) sold shares of KnowBe4 common stock from October 12, 2022 through February 1, 2023, including those who sold shares into the “take private” acquisition (“Merger”) of KnowBe4 by Vista and its affiliates on February 1, 2023; and/or (b) held shares of KnowBe4 as of the December 7, 2022 record date and were entitled to vote on the Merger.
On June 13, 2025, a complaint was filed against the Company, certain of its directors, KKR & Co. Inc., Elephant Partners, Vista Equity Partners Management, LLC (“Vista”) and certain of their affiliates, alleging that the January 18, 2023 Proxy and other solicitation materials misled investors regarding the true value of KnowBe4’s shares, omitted that KKR increased its equity rollover into the post-Merger entity after it learned of the Merger price, and failed to disclose advantages defendants provided to Vista over other potential bidders during the sales process leading to the Merger.
If you suffered a loss of more than $100,000 in KnowBe4’s securities, and wish to participate, or learn more, please contact our attorneys at (914) 733-7256 or via email to Andrea Farah (afarah@lowey.com) or Vincent R. Cappucci Jr. (vcappucci@lowey.com).
Any investor who wishes to serve as Lead Plaintiff must act before August 5, 2025.
About Lowey Dannenberg
Lowey Dannenberg is a national firm representing institutional and individual investors, who suffered financial losses resulting from corporate fraud and malfeasance in violation of federal securities and antitrust laws. The firm has significant experience in prosecuting multi-million-dollar lawsuits and has recovered billions of dollars on behalf of its clients.
Contact:
Lowey Dannenberg P.C.
44 South Broadway, Suite 1100
White Plains, NY 10601
Tel: (914) 733-7234
Email: afarah@lowey.com
SOURCE: Lowey Dannenberg P.C.
){kind=link}
){kind=link}