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Investigation announced for Long-Term Investors in shares of Lyft, Inc. (NASDAQ: LYFT)

08-15-2019 10:41 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of current long term investors in Lyft, Inc. (NASDAQ: LYFT) shares.

An investigation on behalf of current long term investors in Lyft, Inc. (NASDAQ: LYFT) shares.

An investigation on behalf of current long-term investors in shares of Lyft, Inc. (NASDAQ: LYFT) concerning potential breaches of fiduciary duties by certain directors and officers of Lyft, Inc. was announced.

Investors who are current long term investors in Lyft, Inc. (NASDAQ: LYFT) 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 current long term investors in NASDAQ: LYFT stocks follows a lawsuit filed against Lyft, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: LYFT stocks, concerns whether certain Lyft, Inc. directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Northern District of California the plaintiff alleges that the defendants made false and misleading statements in Lyft’s registration statement and prospectus issued in connection with the company’s March 29, 2019 initial public offering. The alleged misstatements involve Lyft’s claims about its domestic market share, failure to disclose issues surrounding the safety of the company’s bike sharing program, and labor issues.

Those who purchased shares of Lyft, Inc. (NASDAQ: LYFT) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, 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, investigations, and/or settlements are not filed/initiated/reached and/or are not 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.

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