The litigation, filed in the Southern District of New York, centers on the period between September 3, 2025, and February 24, 2026. According to the complaint, GoDaddy leadership reaffirmed financial guidance that projected 8% revenue growth, even as the undisclosed promotional program negatively impacted upfront bookings and average order size. When these figures were eventually reconciled, the company reported fourth-quarter booking growth of only 5%, trailing analyst expectations of 7%.

Legal counsel for the plaintiffs argues that Bhutani and McCaffrey held personal responsibility for the accuracy of these disclosures under Sarbanes-Oxley certifications. The suit invokes Section 20(a) of the Securities Exchange Act, targeting the executives for their alleged role in controlling the company's public narrative while aware of the internal pricing shifts. GoDaddy shares fell from $92.30 to $79.12 on February 24, 2026, following the disclosures. Investors who suffered losses during the class period have until October 20, 2026, to apply for lead plaintiff status in the case managed by Levi & Korsinsky, LLP.