Law Offices of Howard G. Smith Encourages Alight, Inc. (ALIT) Shareholders To Inquire About Securities Fraud Class Action

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased Alight, Inc. (“Alight” or the “Company”) (NYSE: ALIT) common stock between November 12, 2024 and February 18, 2026, inclusive (the “Class Period”). Alight investors have until May 15, 2026 to file a lead plaintiff motion.

IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN ALIGHT, INC. (ALIT), CONTACT THE LAW OFFICES OF HOWARD G. SMITH TO PARTICIPATE IN THE ONGOING SECURITIES FRAUD LAWSUIT.

Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at [e-mail], by telephone at [phone] or visit our website at www.howardsmithlaw.com.

What Happened?

On August 5, 2025, Alight released its second quarter 2025 financial results, revealing that “deals [are] taking longer to close in the current environment which is temporarily delaying planned growth,” resulting in a reduction of Alight’s revenue guidance to “Revenue of $2,282 million to $2,329 million.”

During the corresponding earnings call, the Company’s CEO, Dave Guilmette further revealed that the “pace of ARR bookings was not at the level we expected.” The Company’s CFO, Jeremy Heaton, also noted that “nonrecurring project revenues were down $7 million or 14% for the quarter.”

On this news, Alight’s stock price fell $0.94, or 18.3%, to close at $4.19 per share on August 5, 2025, thereby injuring investors.

Then, on February 19, 2026, Alight published its fourth quarter and full year fiscal 2025 results, disclosing a significant earnings shortfall compared to its prior guidance, including revenue of $2.3 billion (down 3% year over year), recurring revenue of $2.1 billion (down 2.2% year over year), and project revenue of $154 million (down 22% year over year). The Company also announced it would “replace its cash dividend with more efficient capital allocation activities.”

During the corresponding earnings call, Alight’s newly appointed CEO, Rohit Verma, and newly appointed Interim CFO, Gregory Giometti spoke. Rohit Verma noted a “significant opportunity to improve our performance moving forward.”

On this news, Alight’s stock price fell $0.50, or 38.2%, to close at $0.81 per share on February 19, 2026, thereby injuring investors further.

What Is The Lawsuit About?

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) Alight’s optimistic reports of growth, cost cutting measures, strong pipeline, and far-reaching visibility fell short of reality; (2) the Company’s sales team was not equipped execute in accordance with its management’s expectations; and (3) as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

Contact Us To Participate or Learn More:

If you purchased Alight common stock, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:

Law Offices of Howard G. Smith,
3070 Bristol Pike, Suite 112,
Bensalem, Pennsylvania 19020,
Telephone: [phone]
Email: [e-mail]
Visit our website at: www.howardsmithlaw.com.

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