Why is SPT being Sued? On May 13, 2024, Sprout Social was sued for violations of the federal securities laws. The Complaint alleges that between November 2, 2023 and May 2, 2024 Spout Social failed to disclose to investors: (1) the Company's sales and revenue growth were not indicative of the Company's growth as it transitioned to an enterprise sales cycle; (2) that the Company faced integration challenges with its acquisition of Tagger; (3) as a result, the Company faced "sales headwinds;" (4) as a result, ...