Pomerantz Appointed Lead Counsel in Avalara Securities Litigation

On February 3, 2023, U.S. Senior District Judge Marsha J. Pechman, of the Western District of Washington, appointed Pomerantz LLP as Lead Counsel on behalf of Martin Sohovich – the Lead Plaintiff, and the class, in Parekh v. Avalara, Inc., 22-cv-1580 (W.D. Wash.). This securities class action alleges that Avalara, Inc. misled investors regarding the true value of the Company before a shareholder vote to approve its acquisition by Vista Equity Partners Management, LLC for $93.50 per share. Avalara is a SaaS (software as a service) company that provides small and mid-sized businesses with cloud-based solutions for the calculation and management of sales tax and the automation of transaction tax compliance. Allegations against…