A lawsuit was filed on behalf of investors in Farfetch Limited (NYSE: FTCH) shares over alleged securities laws violations.
San Diego, CA -- (SBWIRE) -- 10/02/2019 -- An investor, who purchased NYSE: FTCH shares, filed a lawsuit against Farfetch Limited over alleged violations of Securities Laws in connection with the Company's September 2018 initial public offering ("IPO")
Investors who purchased shares of Farfetch Limited (NYSE: FTCH) have certain options and for certain investors are short and strict deadlines running. Deadline: November 18, 2019. NYSE: FTCH investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The plaintiff claims that the defendants failed to disclose to investors, that large scale online wholesale was reasonably likely to lead to pricing volatility and heavy promotions of luxury goods, that the Company's core business was vulnerable to such pricing pressures, that the Company would aggressively pursue acquisitions to remain profitable, and that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.
Those who purchased shares of Farfetch Limited (NYSE: FTCH) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
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.