Overview

A class action lawsuit has been filed against Alight, Inc. (“Alight” or the “Company”) (NYSE : ALIT) and certain of the Company’s senior executive officers alleging violations of the federal securities laws. The Alight lawsuit is brought on behalf of all persons and entities who purchased or otherwise acquired Alight common stock between November 12, 2024, and February 18, 2026, inclusive (the “Class Period”). Investors have until May 15, 2026, to seek appointment as lead plaintiff of the Alight class action lawsuit.

Alight is predominantly an employee benefits solutions company which provides technology-enabled services to employees through the Alight Worklife cloud engagement platform. Alight’s platform provides integrated benefits administration, healthcare navigation, financial wellbeing, absence management, and retiree healthcare to its customers while providing actionable insights to employers through data, analytics, and AI.

The complaint alleges that throughout the Class Period, Defendants repeatedly assured investors that the Company was well-positioned to achieve sustainable growth, improve margins, and generate strong cash flow under new leadership. Defendants also emphasized the strength of Alight’s sales pipeline, its ability to stabilize project revenue, and its commitment to returning capital to shareholders through a newly initiated dividend.

In truth, Alight was not truly equipped to execute on its claimed potential and could not maintain its promised dividend as a result. Rather, Alight would require significantly higher compensation and incentive expenses to achieve the projections put forth by management.

The truth started to be revealed on August 5, 2025, when Defendants published second quarter 2025 financial results.  Defendants revealed 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.   

On this news, the price of Alight’s common stock declined $0.94 per share, or 18.3%, falling from a closing market price of $5.13 per share on August 4, 2025 to close at $4.19 per share on August 5, 2025.

Then, on February 19, 2026, Alight announced a significant earnings shortfall against its prior guidance, alongside further shortfalls for bookings and project revenue growth. Alight’s new management noted the Company failed to “meet our internal financial targets and new bookings and renewals did not meet our expectations, leading us to miss our forecast to the market.” They pointed the blame significantly on the individual Defendants’ execution and highlighted the new administration would bring “a change in the execution of the company” in order to “driv[e] operational excellence.” The new management further cancelled the dividend, noting there are “more efficient capital allocation activities,” and triggered an earnings shortfall due to “an increase in compensation expense” in order to “promot[e] service quality,” and overall improve sales execution.

On this news, the price of Alight’s common stock declined $0.50 per share, or 38%, from a closing market price of $1.31 per share on February 18, 2026, to close at $0.81 per share on February 19, 2026.

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If you purchased or otherwise acquired Alight common stock between November 12, 2024, and February 18, 2026, and you wish to serve as lead plaintiff in this lawsuit, you are encouraged to submit your information to DiCello Levitt LLP via the form on this page. 

You can also contact DiCello Levitt attorneys Brian O’Mara and Hani Farah by calling (888) 287-9005 or at investors@dicellolevitt.com. The deadline to apply to the Court to serve as a lead plaintiff in the Alight class action lawsuit is May 15, 2026.