The lawsuit, filed in a California federal court by the City of Miami Firefighters' and Police Officers’ Retirement Trust, seeks to restore losses “caused by defendants’ violations of federal securities laws.”
According to the complaint, which also targets Okta’s directors, the company’s shares dropped roughly 1.8% after Lapsus$ published screenshots taking credit for a breach and slid an additional 10.7% following news reports and an analyst downgrade, as of press time..