SBS seeks lead plaintiff in Wix securities class action over AI claims
Schall, Brown & Schwartz LLP says it is seeking investors to lead a securities class action against Wix.com Ltd. over alleged misleading statements about its AI products and related costs.
Schall, Brown & Schwartz LLP said it is seeking investors to serve as lead plaintiff in a securities class action against Wix.com Ltd. over allegations that the company made false and misleading statements about its AI products and related costs.
The law firm’s Sept. 3, 2026 press release says the lawsuit concerns buyers of Wix shares between Feb. 19, 2025, and May 12, 2026. It says the complaint alleges violations of Section 10(b), Section 20(a) and Rule 10b-5 under the Securities Exchange Act of 1934 and SEC rules.
According to the filing as described by the firm, Wix overstated the consumer appeal and competitiveness of its AI products, including the Wix Harmony platform and its Base44 acquisition. It also alleges the company misled investors about the cost of building and marketing those products.
The release says the class has not yet been certified. It also says lead-plaintiff status is not required to take part in any recovery if the case succeeds.
The firm says investors who purchased WIX shares during the class period may contact it about possible appointment as lead plaintiff.
The press release identifies Schall, Brown & Schwartz as a national shareholder rights litigation firm and says it was founded by Brian Schall, Andrew Brown and David Schwartz. It gives the firm’s Los Angeles address, phone number, website and email for investors who want to inquire.
The release says absent class members are not represented by an attorney unless they take action. It also includes an attorney-advertising disclaimer.
Sources
Editorial note: This article was prepared with AI assistance and includes source attribution for reader review.
View the Web StoryA visual, tap-through version of this reportThis is the AMP version of the article. Read the full article on Atlas Watchline.