SBS alerts Wix investors to securities class action over AI product claims
The firm says the case concerns alleged misstatements about Wix’s AI offerings and their costs during a Feb. 19, 2025, to May 12, 2026, class period.
Schall, Brown & Schwartz LLP said Aug. 13, 2026, that investors who bought Wix.com Ltd. shares during a stated class period may contact the firm about a securities class action alleging the company violated federal securities laws.
The firm said the lawsuit concerns alleged violations of Section 10(b), Section 20(a) of the Securities Exchange Act of 1934 and SEC Rule 10b-5. The release identifies Wix as Nasdaq-listed Wix.com Ltd. (NASDAQ: WIX) and says the class period runs from Feb. 19, 2025, through May 12, 2026.
The release says the complaint alleges Wix made false and misleading statements about the consumer appeal and competitiveness of its AI products, including the Wix Harmony platform and the Base44 acquisition. It also says the complaint alleges the company misrepresented the costs of building and marketing AI products.
The release says shareholders who purchased during the class period are encouraged to contact the firm regarding possible lead plaintiff appointments.
The notice says lead plaintiff status is not required to participate in any recovery. It also says the class has not yet been certified and that, until certification, investors are not represented by an attorney.
The release provides contact names Brian Schall and David Schwartz, along with Schall, Brown & Schwartz LLP’s Los Angeles address, phone number, website and email. It says the firm specializes in securities class action lawsuits and shareholder rights litigation and notes the filing may be considered attorney advertising in some jurisdictions.
The release directs investors who bought during the class period to contact the firm for more information.
Sources
Editorial note: This article was prepared with AI assistance and includes source attribution for reader review.
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