OLO LAWSUIT ALERT: Levi & Korsinsky Notifies Olo Inc. Investors of a Class Action Lawsuit and Upcoming Deadline

NEW YORK, Oct. 13, 2022

CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Olo investors who were adversely affected by alleged securities fraud. This lawsuit is on behalf of all persons and entities that purchased shares of Olo's Class A common stock between August 11, 2021 and August 11, 2022. Follow the link below to get more information and be contacted by a member of our team:

https://www.zlk.com/pslra-1/olo-inc-loss-submission-form?prid=32570&wire=4

OLO investors may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.

CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (1) Subway was ending its contract with Olo; (2) Olo's key business metric – active locations – could not continue to grow as defendants touted due to the loss of Subway's business; and (3) as a result of the above, defendants' statements about Olo's business, operations, and prospects were false and misleading and/or lacked a reasonable basis.

WHAT'S NEXT? If you suffered a loss in Olo during the relevant time frame, you have until November 28, 2022 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.