NEW YORK, May  21, 2025  (GLOBE NEWSWIRE) --

WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Backblaze, Inc. (NASDAQ: BLZE) resulting from allegations that Backblaze may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased Backblaze securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.

WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=38633 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

WHAT IS THIS ABOUT: On April 24, 2024, during market hours, Investing.com issued an article entitled, “Backblaze stock plunges amid Morpheus Research report.” This article stated that Backblaze “saw its shares plummet” as a result of a “scathing short report from Morpheus Research. The report detailed a series of alleged financial missteps and questionable practices since the company’s initial public offering (IPO) in November 2021.” The article further noted that Morpheus’s report “highlights questionable accounting practices, including financial manipulations and inflated forecasts to pass audit thresholds.”

On this news, Backblaze stock fell 2.1% on April 24, 2025.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

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Attorney Advertising. Prior results do not guarantee a similar outcome.

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Contact Information:

Laurence Rosen, Esq.
 Phillip Kim, Esq.
 The Rosen Law Firm, P.A.
 275 Madison Avenue, 40th Floor
 New York, NY 10016
 Tel: (212) 686-1060
 Toll Free: (866) 767-3653
 Fax: (212) 202-3827
 [email protected]
 www.rosenlegal.com