Investors Alert: Deadline for Securities Fraud Class Action Against Nextdoor Holdings Approaching

PHILADELPHIA, April 26, 2024—Investors are hereby notified that a class action lawsuit for securities fraud has been initiated concerning Nextdoor Holdings, Inc., formerly known as Khosla Ventures Acquisition Co. II ('Nextdoor'). The lawsuit represents individuals who acquired shares of Nextdoor Holdings KIND and suffered financial damages due to alleged misrepresentations and omissions by the company. The lead plaintiff deadline is set for April 29, 2024.

Details of the Securities Fraud Allegations

The filed class action accuses Nextdoor Holdings, Inc. of making materially false and misleading statements, as well as failing to disclose adverse facts about the company's business operations, and prospects. Specifically, the lawsuit alleges that the defendants did not truthfully inform the investors regarding Nextdoor's business conditions, which subsequently resulted in financial loss to the shareholders when the truth was finally revealed.

Urgent Call to Action

Berger Montague is currently providing counsel and advising investors who have purchased shares of Nextdoor Holdings KIND to come forward and inquire about the securities fraud class action lawsuit. Potential class members must contact legal representation by April 29, 2024, to be potentially eligible for recovery of investment losses.

Investment Recovery Possibilities

Those who bought Nextdoor Holdings, Inc. stock KIND during the class period and suffered losses are encouraged to reach out promptly to protect their rights and interests. Joining the class action may help to recover financial damages and hold the company accountable for its alleged misstatements and omission of critical information.

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