Shareholders Foundation, Inc.

NYSE:PINS Long Term Investor Alert: Investigation of Potential Wrongdoing at Pinterest, Inc.

An investigation on behalf of current long term investors in Pinterest, Inc. (NYSE:PINS) shares over possible breaches of fiduciary duty by certain officers and directors was announced.

 

San Diego, CA -- (SBWIRE) -- 08/24/2021 -- Certain directors of Pinterest, Inc. are under investigation concerning potential breaches of fiduciary duties.

Investors who are current long term investors in Pinterest, Inc. (NYSE: PINS) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for investors in NYSE: PINS stocks follows a lawsuit filed against Pinterest, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: PINS stocks, concerns whether certain Pinterest directors are liable in connection with the allegations made in that lawsuit.

The plaintiff alleges that, the defendants failed to disclose to investors that user growth was already slowing, that, as a result, the Company expected user engagement to slow in the second quarter of 2021, and that, as a result, Defendants' statements about its business, operations, and prospects were materially false and misleading and/or lacked reasonable basis at all relevant times.

Those who purchased shares of Pinterest, Inc. (NYSE: PINS) 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.