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Lawsuit filed against Phreesia for misleading investors on revenue growth, stock drops 27%.

Market News
13 May 2026
GlobeNewsWire
View Source
Bearish
pluang ai news

Levi & Korsinsky, LLP has filed a class action lawsuit against Phreesia, Inc. for allegedly making false and misleading statements about its revenue growth and demand, particularly in its Network Solutions segment. The lawsuit follows Phreesia's announcement on March 30, 2026, of significantly reduced revenue growth projections for fiscal year 2027, which caused the stock price to drop about 27%. Investors who purchased Phreesia stock between May 8, 2025, and March 30, 2026, are encouraged to join the lawsuit before the July 13, 2026 deadline to seek compensation for losses.

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