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) -- 03/12/2021 -- An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of Pinterest, Inc.
Investors who are current long term investors in Pinterest, Inc. (NYSE: PINS) shares, have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org 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 Pinterest made false and misleading statements to the public and failed to disclose that the Company's addressable market in the U.S. was reaching its maximum capacity, that which significantly decelerated Pinterest's future ability to monetize on U.S. average revenue per user, that Pinterest was at an increased risk of losing advertising revenue, and that as a result, Defendants' public statements were materially false and misleading at all relevant times or lacked a reasonable basis and omitted material facts.
Those who purchased shares of Pinterest, Inc. (NYSE: PINS) have certain options and should contact the Shareholders Foundation.
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