San Diego, CA -- (SBWIRE) -- 10/09/2017 -- An investigation was announced for Investors in NYSE:SHOP shares concerning possible violations of securities laws by Shopify Inc in connection with certain financial statements.

Investors who purchased shares of Shopify Inc (US) (NYSE:SHOP), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The investigation by a law firm focuses on whether certain statements by Shopify Inc (US) (NYSE:SHOP regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On October 4, 2017, a report was published characterizing Shopify Inc as "a completely illegal get-rich quick scheme." The report alleged, among other things, that Shopify Inc inaccurately described the Company's relationship with certain affiliates, stating, in part: "Shopify calls these affiliates 'partners.' We call them promoters selling business opportunities." The report compared Shopify's business practices to those of Herbalife Ltd. ("Herbalife"), a company that recently paid $200 million and agreed to an order "prohibit[ing] Herbalife from misrepresenting distributors' potential or likely earnings" to settle Federal Trade Commission charges. Shares of Shopify Inc (US) (NYSE:SHOP) declined on October 5, 2017 to $93.66 per share.

On October 6, 2017, NYSE:SHOP shares closed at $97.92 per share.

Those who purchased shares of Shopify Inc (US) (NYSE:SHOP) 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