openPR Logo
Press release

Lawsuit filed for Investors in shares of Slack Technologies, Inc. (NYSE: WORK)

09-26-2019 07:33 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

A lawsuit was filed on behalf of investors in Slack Technologies, Inc. (NYSE: WORK) shares over alleged securities laws violations

A lawsuit was filed on behalf of investors in Slack Technologies, Inc. (NYSE: WORK) shares over alleged securities laws violations

An investor, who purchased shares of Slack Technologies, Inc. (NYSE: WORK), filed a lawsuit over alleged violations of Federal Securities Laws by Slack Technologies, Inc. in connection with Slack Technologies’ initial public stock offering.

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

San Francisco, CA based Slack Technologies, Inc. operates Slack, a business technology software platform in the United States and internationally. On or about June 20, 2019, Slack Technologies, Inc sold 118.4 million shares of stock in its initial public stock offering (the "IPO"), at $38.50 a share raising $ 4,559,541,140 in new capital.

On September 4, 2019, Slack Technologies, Inc reported second-quarter fiscal 2019 results and issued its financial outlook for its third quarter and full fiscal year 2020.

Shares of Slack Technologies, Inc. (NYSE: WORK) declined to as low as $23.93 per share on September 3, 2019.

The plaintiff claims that the defendants failed to disclose to investors that the Company’s Slack Platform was susceptible to recurring service-level disruptions, that such disruptions were increasingly likely to occur as the Company scaled its services to a larger user base, that the Company provides credits even if a customer was not specifically affected by service-level disruptions, that, as a result, any service-level disruptions would have a material adverse impact on the Company’s financial results, 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 Slack Technologies, Inc. (NYSE: WORK) 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.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Lawsuit filed for Investors in shares of Slack Technologies, Inc. (NYSE: WORK) here

News-ID: 1838926 • Views: 485

More Releases from Shareholders Foundation

Lawsuit filed for Investors in shares of Merit Medical Systems, Inc. (NYSE: MMSI …
An investor, who purchased shares of Merit Medical Systems, Inc. (NYSE: MMSI), filed a lawsuit over alleged Securities Laws violations by Merit Medical Systems, Inc. Investors who purchased shares of Merit Medical Systems, Inc. (NYSE: MMSI) have certain options and for certain investors are short and strict deadlines running. Deadline: February 3, 2020. NYSE: MMSI investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. South Jordan,
Investigation announced for Investors in TD Ameritrade Holding Corporation (NASD …
An investigation on behalf of investors, who currently hold shares of TD Ameritrade Holding Corporation (NASDAQ: AMTD), was announced concerning whether the takeover of TD Ameritrade Holding Corporation is unfair to NASDAQ: AMTD stockholders. Investors who purchased shares of TD Ameritrade Holding Corporation (NASDAQ: AMTD) and currently hold any of those NASDAQ: AMTD shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. The
Investigation announced for Long-Term Investors in Carbonite Inc (NASDAQ: CARB)
An investigation on behalf of current long-term investors in shares of Carbonite Inc (NASDAQ: CARB) concerning potential breaches of fiduciary duties by certain directors and officers of Carbonite Inc was announced. Investors who are current long term investors in Carbonite Inc (NASDAQ: CARB) 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
Deadline on Dec. 23rd coming up in Lawsuit that was filed for Investors in iRobo …
A deadline is coming up on December 23, 2019 in the lawsuit filed for certain investors of iRobot Corporation (NASDAQ: IRBT) over alleged securities laws violations by iRobot Corporation. Investors who purchased shares of iRobot Corporation (NASDAQ: IRBT) have certain options and there are strict and short deadlines running. Deadline: December 23, 2019. NASDAQ: IRBT stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. According to the

All 5 Releases


More Releases for Slack

Slack Wax Market Key Players- Research Forecasts To 2018-2026
Slack Wax Market: Overview Slack wax is a complex combination of hydrocarbons that are obtained from a petroleum fraction through the process of solvent crystallization or as a distillation fraction from waxy crude. Slack wax is a petroleum product, which is also a raw material used in the manufacture of paraffin wax. Slack wax is a mixture of oil and wax, which is brown and yellow in color. In order to
LambdaTest Rolls Out All New Slack App
LambdaTest rolled out its all new Slack Application to help users take automated screenshot of any website from slack itself. San Francisco, 29th October 2018. LambdaTest, a globally renowned Cross Browser Testing platform today rolled out its all new Slack Application that will help users to take full page automated screenshot of any website with a single command from Slack itself. While announcing the news, Mr. Asad Khan, Co-Founder & CEO LambdaTest
Slack Wax Market Report 2018: Segmentation by Type (Slack Wax LMO, Slack Wax SPO …
Global Slack Wax market research report provides company profile for Exxon Mobil Corporation, PT Pertamina, ATDM Co., Ltd., Industrial Raw Materials LLC, Hase Petroleum Wax Co. Ltd., Alpha Wax, Royal Dutch Shell PLC, BP PLC and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth
Global Automotive Slack Market 2018 -MEI, Wabco, Accuride, Stemco
Apex Market Reports, recently published a detailed market research study focused on the “Automotive Slack Market” across the global, regional and country level. The report provides 360° analysis of “Automotive Slack Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of Automotive Slack on
Global Slack Wax Market Research Report 2017 : BP, IRPC, Pertamina
Qyresearchreports include new market research report "Global Slack Wax Market Research Report 2017" to its huge collection of research reports. This report on the global Slack Wax market is exhaustively detailed and precise, giving new entrants as well as those established, a clear idea as to what factors will aid them towards their journey in this competitive market and which factors will act as growth impeders. The report specifies in much
report studies the Slack Wax market. Slack wax is a mixture of oil and wax
This report studies the Slack Wax market. Slack wax is a mixture of oil and wax, obtained from lubricating oil. Slack wax is the crude wax produced by chilling and solvent filter-pressing wax distillate. It serves as feedstock and that is further refined and blended to create value-added petroleum wax products. Scope of the Report: This report focuses on the Slack Wax in United States market, to split the market based on