(NASDAQ GS: OKTA)
Rigrodsky Law, P.A. is investigating potential claims against the officers and directors of Okta, Inc. ("Okta" or the "Company") on behalf of stockholders. A class action complaint has been filed against Okta. The complaint alleges that defendants made materially false and misleading statements regarding the Company's business, operations, and compliance policies. Specifically, defendants made false and/or misleading statements and/or failed to disclose that: (i) the Company had inadequate cybersecurity controls; (ii) as a result, the Company's systems were vulnerable to data breaches; (iii) the Company ultimately did experience a data breach caused by a hacking group, which potentially affected hundreds of Company customers; (iv) the Company initially did not disclose and subsequently downplayed the severity of the data breach; (v) all the foregoing, once revealed, was likely to have a material negative impact on the Company's business, financial condition, and reputation; and (vi) as a result, the Company's public statements were materially false and misleading at all relevant times.