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Investigation announced for Long-Term Investors in shares of Box Inc (NYSE: BOX)

10-21-2019 06:24 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of current long term investors in Box Inc (NYSE: BOX) shares.

An investigation on behalf of current long term investors in Box Inc (NYSE: BOX) shares.

Certain directors of Box Inc are under investigation concerning potential breaches of fiduciary duties.

Investors who are current long term investors in Box Inc (NYSE: BOX) 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 investors in NYSE: BOX stocks follows a lawsuit filed against Box Inc over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: BOX stocks, concerns whether certain Box 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 failed to disclose to investors that the Company was unable to close large deals within the quarter, that, as a result, the Company’s revenue would be materially impacted, 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 Box Inc (NYSE: BOX) 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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