Alight, Inc. (NYSE: ALIT)

This lawsuit is for anyone who acquired securities in Alight, Inc. (NYSE: ALIT) from November 12, 2024 through February 18, 2026.

The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors by failing to timely disclose to investors that the Company was having a harder time executing its sales strategy than the Company previously disclosed.

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, the price of the Company’s stock dropped precipitously on unusually heavy trading volume. 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, the price of the Company’s stock again dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Alight, Inc. (NYSE: ALIT) from November 12, 2024 through February 18, 2026 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.