{"success":true,"data":{"pressRelease":{"id":"2926","rtpr_id":"nPnc0G6yKa","ticker":"ALIT","exchange":"NYSE","all_tickers":["ALIT"],"title":"ALIT Shareholder Alert: May 15, 2026 Lead Plaintiff Deadline in Alight, Inc. Securities Class Action Lawsuit -- The Gross Law Firm","author":"PR Newswire","published_at":"2026-04-21T13:00:39.838Z","article_body":"ALIT Shareholder Alert: May 15, 2026 Lead Plaintiff Deadline in Alight, Inc. Securities Class Action Lawsuit -- The Gross Law Firm\n\nPR Newswire\n\nNEW YORK, April 21, 2026\n\nNEW YORK, April 21, 2026 /PRNewswire/ -- The Gross Law Firm issues the\nfollowing notice to shareholders of Alight, Inc. (NYSE: ALIT).\n\n(https://mma.prnewswire.com/media/2280333/The_Gross_Law_Firm_Logo.html)\n\nShareholders who purchased shares of ALIT during the class period listed are\nencouraged to contact the firm regarding possible lead plaintiff appointment.\nAppointment as lead plaintiff is not required to partake in any recovery.\n\nCONTACT US HERE:\n\nhttps://securitiesclasslaw.com/securities/alight-inc-loss-submission-form/?id=185686&from=4\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4668631-19&h=883410829&u=https%3A%2F%2Fsecuritiesclasslaw.com%2Fsecurities%2Falight-inc-loss-submission-form%2F%3Fid%3D185686%26from%3D4&a=https%3A%2F%2Fsecuritiesclasslaw.com%2Fsecurities%2Falight-inc-loss-submission-form%2F%3Fid%3D185686%26from%3D4)\n \n\nCLASS PERIOD: November 12, 2024 to February 18, 2026\n\nALLEGATIONS: According to the complaint, throughout the class period,\ndefendants announced disappointing results, reduced projections, and multiple\ngoodwill impairments all while remaining confident in their ability to\nexecute, drive growth, and continue to provide a dividend to their\nshareholders. On August 5, 2025, during Alight's second quarter earnings\nreport, defendants announced disappointing results and cut their revenue\nguidance for the year, resetting investor expectations. Defendants highlighted\nboth a slowdown in annual recurring revenue bookings and a worsening decline\nof project revenue than previously projected. Pertinently, defendants pointed\npartially to macroeconomic uncertainty, though they had previously minimized\nsuch impact in just the prior quarter, as well as insufficient commercial\nexecution. Following this news, the price of Alight's common stock declined\ndramatically. From a closing market price of $5.13 per share on August 4,\n2025, Alight's stock price fell to $4.19 per share on August 5, 2025, a\ndecline of about 18.32% in the span of just a single day. On February 19,\n2026, Alight announced a significant earnings shortfall against its prior\nguidance, alongside further shortfalls for bookings and project revenue\ngrowth. Alight's new management noted the Company failed to \"meet our internal\nfinancial targets and new bookings and renewals did not meet our expectations,\nleading us to miss our forecast to the market.\" They pointed the blame\nsignificantly on the individual defendants' execution and highlighted the new\nadministration would bring \"a change in the execution of the company\" in order\nto \"driv[e] operational excellence.\" The new management further cancelled the\ndividend, noting there are \"more efficient capital allocation activities,\" and\ntriggered an earnings shortfall due to \"an increase in compensation expense\"\nin order to \"promot[e] service quality,\" and overall improve sales execution.\nFollowing this news, the price of Alight's common stock declined dramatically.\nFrom a closing market price of $1.31 per share on February 18, 2026, Alight's\nstock price fell to $0.81 per share on February 19, 2026, a decline of nearly\n38% in the span of one day. Notably, the stock had now fallen approximately\n$6.85, or nearly 90% over the course of the instant class period.\n\nDEADLINE: May 15, 2026 Shareholders should not delay in registering for this\nclass action. Register your information here:\nhttps://securitiesclasslaw.com/securities/alight-inc-loss-submission-form/?id=185686&from=4\n(https://securitiesclasslaw.com/securities/alight-inc-loss-submission-form/?id=185686&from=4)\n\nNEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased\nshares of ALIT during the timeframe listed above, you will be enrolled in a\nportfolio monitoring software to provide you with status updates throughout\nthe lifecycle of the case. The deadline to seek to be a lead plaintiff is May\n15, 2026. There is no cost or obligation to you to participate in this case.\n\nWHY GROSS LAW FIRM? The Gross Law Firm is a nationally recognized class action\nlaw firm, and our mission is to protect the rights of all investors who have\nsuffered as a result of deceit, fraud, and illegal business practices. The\nGross Law Firm is committed to ensuring that companies adhere to responsible\nbusiness practices and engage in good corporate citizenship. The firm seeks\nrecovery on behalf of investors who incurred losses when false and/or\nmisleading statements or the omission of material information by a company\nlead to artificial inflation of the company's stock. Attorney advertising.\nPrior results do not guarantee similar outcomes.\n\nCONTACT:\nThe Gross Law Firm\n15 West 38th Street, 12th floor\nNew York, NY, 10018\nEmail: dg@securitiesclasslaw.com (mailto:dg@securitiesclasslaw.com)\nPhone: (646) 453-8903\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/alit-shareholder-alert-may-15-2026-lead-plaintiff-deadline-in-alight-inc-securities-class-action-lawsuit--the-gross-law-firm-302748219.html\n(https://www.prnewswire.com/news-releases/alit-shareholder-alert-may-15-2026-lead-plaintiff-deadline-in-alight-inc-securities-class-action-lawsuit--the-gross-law-firm-302748219.html)\n\nSOURCE The Gross Law Firm\n\n\n\nPhoto: \nhttps://mma.prnewswire.com/media/2280333/The_Gross_Law_Firm_Logo.jpg\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPnc0G6yKa","title":"ALIT Shareholder Alert: May 15, 2026 Lead Plaintiff Deadline in Alight, Inc. Securities Class Action Lawsuit -- The Gross Law Firm","author":"PR Newswire","ticker":"ALIT","created":"2026-04-21T13:00:39.838Z","tickers":["ALIT"],"exchange":"NYSE","article_body":"ALIT Shareholder Alert: May 15, 2026 Lead Plaintiff Deadline in Alight, Inc. Securities Class Action Lawsuit -- The Gross Law Firm\n\nPR Newswire\n\nNEW YORK, April 21, 2026\n\nNEW YORK, April 21, 2026 /PRNewswire/ -- The Gross Law Firm issues the\nfollowing notice to shareholders of Alight, Inc. (NYSE: ALIT).\n\n(https://mma.prnewswire.com/media/2280333/The_Gross_Law_Firm_Logo.html)\n\nShareholders who purchased shares of ALIT during the class period listed are\nencouraged to contact the firm regarding possible lead plaintiff appointment.\nAppointment as lead plaintiff is not required to partake in any recovery.\n\nCONTACT US HERE:\n\nhttps://securitiesclasslaw.com/securities/alight-inc-loss-submission-form/?id=185686&from=4\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4668631-19&h=883410829&u=https%3A%2F%2Fsecuritiesclasslaw.com%2Fsecurities%2Falight-inc-loss-submission-form%2F%3Fid%3D185686%26from%3D4&a=https%3A%2F%2Fsecuritiesclasslaw.com%2Fsecurities%2Falight-inc-loss-submission-form%2F%3Fid%3D185686%26from%3D4)\n \n\nCLASS PERIOD: November 12, 2024 to February 18, 2026\n\nALLEGATIONS: According to the complaint, throughout the class period,\ndefendants announced disappointing results, reduced projections, and multiple\ngoodwill impairments all while remaining confident in their ability to\nexecute, drive growth, and continue to provide a dividend to their\nshareholders. On August 5, 2025, during Alight's second quarter earnings\nreport, defendants announced disappointing results and cut their revenue\nguidance for the year, resetting investor expectations. Defendants highlighted\nboth a slowdown in annual recurring revenue bookings and a worsening decline\nof project revenue than previously projected. Pertinently, defendants pointed\npartially to macroeconomic uncertainty, though they had previously minimized\nsuch impact in just the prior quarter, as well as insufficient commercial\nexecution. Following this news, the price of Alight's common stock declined\ndramatically. From a closing market price of $5.13 per share on August 4,\n2025, Alight's stock price fell to $4.19 per share on August 5, 2025, a\ndecline of about 18.32% in the span of just a single day. On February 19,\n2026, Alight announced a significant earnings shortfall against its prior\nguidance, alongside further shortfalls for bookings and project revenue\ngrowth. Alight's new management noted the Company failed to \"meet our internal\nfinancial targets and new bookings and renewals did not meet our expectations,\nleading us to miss our forecast to the market.\" They pointed the blame\nsignificantly on the individual defendants' execution and highlighted the new\nadministration would bring \"a change in the execution of the company\" in order\nto \"driv[e] operational excellence.\" The new management further cancelled the\ndividend, noting there are \"more efficient capital allocation activities,\" and\ntriggered an earnings shortfall due to \"an increase in compensation expense\"\nin order to \"promot[e] service quality,\" and overall improve sales execution.\nFollowing this news, the price of Alight's common stock declined dramatically.\nFrom a closing market price of $1.31 per share on February 18, 2026, Alight's\nstock price fell to $0.81 per share on February 19, 2026, a decline of nearly\n38% in the span of one day. Notably, the stock had now fallen approximately\n$6.85, or nearly 90% over the course of the instant class period.\n\nDEADLINE: May 15, 2026 Shareholders should not delay in registering for this\nclass action. Register your information here:\nhttps://securitiesclasslaw.com/securities/alight-inc-loss-submission-form/?id=185686&from=4\n(https://securitiesclasslaw.com/securities/alight-inc-loss-submission-form/?id=185686&from=4)\n\nNEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased\nshares of ALIT during the timeframe listed above, you will be enrolled in a\nportfolio monitoring software to provide you with status updates throughout\nthe lifecycle of the case. The deadline to seek to be a lead plaintiff is May\n15, 2026. There is no cost or obligation to you to participate in this case.\n\nWHY GROSS LAW FIRM? The Gross Law Firm is a nationally recognized class action\nlaw firm, and our mission is to protect the rights of all investors who have\nsuffered as a result of deceit, fraud, and illegal business practices. The\nGross Law Firm is committed to ensuring that companies adhere to responsible\nbusiness practices and engage in good corporate citizenship. The firm seeks\nrecovery on behalf of investors who incurred losses when false and/or\nmisleading statements or the omission of material information by a company\nlead to artificial inflation of the company's stock. Attorney advertising.\nPrior results do not guarantee similar outcomes.\n\nCONTACT:\nThe Gross Law Firm\n15 West 38th Street, 12th floor\nNew York, NY, 10018\nEmail: dg@securitiesclasslaw.com (mailto:dg@securitiesclasslaw.com)\nPhone: (646) 453-8903\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/alit-shareholder-alert-may-15-2026-lead-plaintiff-deadline-in-alight-inc-securities-class-action-lawsuit--the-gross-law-firm-302748219.html\n(https://www.prnewswire.com/news-releases/alit-shareholder-alert-may-15-2026-lead-plaintiff-deadline-in-alight-inc-securities-class-action-lawsuit--the-gross-law-firm-302748219.html)\n\nSOURCE The Gross Law Firm\n\n\n\nPhoto: \nhttps://mma.prnewswire.com/media/2280333/The_Gross_Law_Firm_Logo.jpg\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-04-21T13:00:39.917914172Z","server_sent_at_ms":1776776439917},"received_at":"2026-04-21T13:00:39.973Z","source_url":"https://www.prnewswire.com/news-releases/alit-shareholder-alert-may-15-2026-lead-plaintiff-deadline-in-alight-inc-securities-class-action-lawsuit--the-gross-law-firm-302748219.html"},"analysis":{"id":"1895","press_release_id":"2926","analysis_json":{"industry":{"label":"Software & Services","sector":"Information Technology"},"redFlags":["Securities class action lawsuit filed","Stock price decline of nearly 90% during the class period","Dividend cancelled by new management","Multiple earnings shortfalls and guidance reductions"],"eventType":"legal_litigation","narrative":"The Gross Law Firm announced a lead plaintiff deadline of May 15, 2026, for a securities class action against Alight, Inc. concerning the period from November 12, 2024, to February 18, 2026.\n\nThe complaint alleges that defendants made misleading statements regarding execution and growth while the company missed targets, cut guidance, and cancelled its dividend, leading to a roughly 90% stock decline.\n\nSpecific drops cited include an 18.32% fall in August 2025 following a guidance cut and a 38% drop in February 2026 after an earnings shortfall and management shakeup.","sentiment":"bearish","agentHooks":{"shouldPost":true,"suggestedAngle":"New class action alleges 90% stock erosion was fueled by misleading guidance and execution failures at Alight."},"keyFigures":{"customDimensions":{"class_period_end":"February 18, 2026","class_period_start":"November 12, 2024","price_decline_aug_2025":"18.32%","price_decline_feb_2026":"38%","lead_plaintiff_deadline":"May 15, 2026","total_decline_class_period":"90%"}},"quotedText":"the Company failed to \"meet our internal financial targets and new bookings and renewals did not meet our expectations, leading us to miss our forecast to the market.\"","namedEntities":{"people":[],"products":[],"companies":[{"name":"Alight, Inc.","ticker":"ALIT","relationship":"defendant"},{"name":"The Gross Law Firm","relationship":"plaintiff counsel"}],"dollarAmounts":[{"amount":"$5.13","context":"Alight closing stock price on August 4, 2025"},{"amount":"$4.19","context":"Alight closing stock price on August 5, 2025"},{"amount":"$1.31","context":"Alight closing stock price on February 18, 2026"},{"amount":"$0.81","context":"Alight closing stock price on February 19, 2026"},{"amount":"$6.85","context":"Approximate total stock price decline over the class period"}]},"materialImpact":{"score":4,"reasoning":"Securities class action lawsuit alleging misleading statements during a period where the stock dropped nearly 90%. The allegations cite significant earnings shortfalls, guidance cuts, dividend cancellation, and management execution failures."},"tickerRelevance":{"others":[],"primary":"ALIT"},"eventTypeSecondary":[]},"event_type":"legal_litigation","event_type_secondary":null,"sentiment":"bearish","material_impact_score":4,"narrative":"The Gross Law Firm announced a lead plaintiff deadline of May 15, 2026, for a securities class action against Alight, Inc. concerning the period from November 12, 2024, to February 18, 2026.\n\nThe complaint alleges that defendants made misleading statements regarding execution and growth while the company missed targets, cut guidance, and cancelled its dividend, leading to a roughly 90% stock decline.\n\nSpecific drops cited include an 18.32% fall in August 2025 following a guidance cut and a 38% drop in February 2026 after an earnings shortfall and management shakeup.","key_figures":{"customDimensions":{"class_period_end":"February 18, 2026","class_period_start":"November 12, 2024","price_decline_aug_2025":"18.32%","price_decline_feb_2026":"38%","lead_plaintiff_deadline":"May 15, 2026","total_decline_class_period":"90%"}},"named_entities":{"people":[],"products":[],"companies":[{"name":"Alight, Inc.","ticker":"ALIT","relationship":"defendant"},{"name":"The Gross Law Firm","relationship":"plaintiff counsel"}],"dollarAmounts":[{"amount":"$5.13","context":"Alight closing stock price on August 4, 2025"},{"amount":"$4.19","context":"Alight closing stock price on August 5, 2025"},{"amount":"$1.31","context":"Alight closing stock price on February 18, 2026"},{"amount":"$0.81","context":"Alight closing stock price on February 19, 2026"},{"amount":"$6.85","context":"Approximate total stock price decline over the class period"}]},"model_name":"glm-4.7","prompt_hash":"sha256:2f2748f0fcc8c4f2","schema_hash":"sha256:ad96b863d7123008","created_at":"2026-04-21T18:32:30.889Z","global_importance":3,"audience_relevance":3,"importance_components":{"method":"backfill-heuristic","signals":{"bodyLong":false,"headlineTier1":false,"tickerCovered":false,"hadSignificance":false},"version":1,"computedAt":"2026-04-27T11:52:53.449Z"}},"durationMs":30378,"modelName":"glm-4.7"}}