Adobe Inc. Faces Multiple Investigations and Class Action Lawsuit Over Figma Acquisition

Investors suffer losses as Adobe's stock price plummets following the $20 billion acquisition announcement.

Adobe Inc. is under investigation by multiple law firms on behalf of investors for possible violations of federal securities laws.
The investigations follow Adobe's announcement on September 15, 2022, that it had agreed to acquire Figma at a price of $20 billion, double Figma's valuation and a multiple of 50 times its revenue.
Following the announcement, Adobe's stock price fell approximately 17%, thereby injuring investors.
A class action lawsuit has been filed against Adobe for alleged violations of the Securities Exchange Act of 1934.
Investors who purchased or acquired Adobe common stock between July 23, 2021 and September 15, 2022, are being reminded of an upcoming deadline to join the class action lawsuit.