A lawsuit was filed on behalf of investors in Slack Technologies, Inc. (NYSE: WORK) shares over alleged securities laws violations.
San Diego, CA -- (SBWIRE) -- 10/02/2019 -- An investor, who purchased shares of Slack Technologies, Inc. (NYSE: WORK), filed a lawsuit over alleged Securities Laws violations by Slack Technologies, Inc. in connection with Slack Technologies' initial public stock offering.
Investors who purchased shares of Slack Technologies, Inc. (NYSE: WORK) have certain options and for certain investors are short and strict deadlines running. Deadline: November 18, 2019. NYSE: WORK investors should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
According to the complaint the plaintiff alleges on behalf of purchasers of Slack Technologies, Inc. (NYSE: WORK), that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that the defendants failed to disclose to investors that the Company's Slack Platform was susceptible to recurring service-level disruptions, that such disruptions were increasingly likely to occur as the Company scaled its services to a larger user base, that the Company provides credits even if a customer was not specifically affected by service-level disruptions, that, as a result, any service-level disruptions would have a material adverse impact on the Company's financial results, 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 Slack Technologies, Inc. (NYSE: WORK) 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.