A lawsuit was filed on behalf of investors in Lyft, Inc. (NASDAQ: LYFT) shares over alleged securities laws violations.
San Diego, CA -- (SBWIRE) -- 04/30/2019 -- The Shareholders Foundation announces that an investor, who purchased shares of Lyft, Inc. (NASDAQ: LYFT), filed a lawsuit over alleged violations of Securities Laws by Lyft, Inc. in connection with the company's March 28, 2019, initial public offering ("IPO").
Investors who purchased shares of Lyft, Inc. (NASDAQ: LYFT) have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The plaintiff alleges on behalf of purchasers who purchased common stock of Lyft, Inc. (NASDAQ: LYFT pursuant or traceable to the Company's Offering and Registration Statement issued in relation to the March 28, 2019 IPO, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that the Registration Statement's representations were materially inaccurate, misleading, and/or incomplete because they failed to disclose that more than 1,000 of the bicycles in Lyft's rideshare program suffered from safety issues that would lead to their recall; and that Lyft's claimed ridesharing market position was overstated.
Those who purchased shares of Lyft, Inc. (NASDAQ: LYFT) have certain options and should contact the Shareholders Foundation.
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The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.