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Lawsuit filed for Investors in shares of Farfetch Limited (NYSE: FTCH)

09-23-2019 09:48 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

A lawsuit was filed on behalf of investors in Farfetch Limited (NYSE: FTCH) shares over alleged securities laws violations.

A lawsuit was filed on behalf of investors in Farfetch Limited (NYSE: FTCH) shares over alleged securities laws violations.

An investor, who purchased shares of Farfetch Limited (NYSE: FTCH), filed a lawsuit over alleged violations of Federal Securities Laws by Farfetch Limited in connection with the Company’s September 2018 initial public offering (“IPO”)

Investors who purchased shares of Farfetch Limited (NYSE: FTCH) have certain options and for certain investors are short and strict deadlines running. Deadline: November 18, 2019. NYSE: FTCH investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

London based Farfetch Limited, through its subsidiary, Farfetch.com Limited, provides an online marketplace for luxury goods in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. On August 8, 2019, Farfetch Limited reported second quarter losses that were larger than expected as well as the resignation of its COO in 2020.

Shares of Farfetch Limited (NYSE: FTCH) declined to as low as $9.22 per share on August 9, 2019.
The plaintiff claims that the defendants failed to disclose to investors, that large scale online wholesale was reasonably likely to lead to pricing volatility and heavy promotions of luxury goods, that the Company’s core business was vulnerable to such pricing pressures, that the Company would aggressively pursue acquisitions to remain profitable, 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 Farfetch Limited (NYSE: FTCH) 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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