Pomerantz LLP said a securities class action has been filed against Wix.com Ltd. and certain officers in the U.S. District Court for the Northern District of Illinois under docket 26-cv-08852. The case covers investors who purchased or otherwise acquired Wix securities during the Class Period from February 19, 2025 through May 12, 2026, and seeks damages under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 (U.S. anti-fraud securities rule). The complaint alleges Wix overstated how competitive and effective its AI-powered products were, understated the cost of developing and promoting those offerings, and in turn overstated their commercial and financial benefits. Pomerantz said the allegations were followed by a series of disclosures and analyst downgrades, including Wix's May 21, 2025 first-quarter results, higher Base44-related AI compute and marketing costs disclosed on November 19, 2025, and May 13, 2026 results that included earnings and revenue below consensus expectations and management comments that professional developer customers were using competing AI tools. Wix shares fell on each of those developments, including a 27.1% drop to $55.32 on May 13, 2026, and investors seeking appointment as lead plaintiff have until September 22, 2026.