Investigation for Long-Term Investors in NYSE: PINS over potential Wrongdoing at Pinterest, Inc. announced

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 mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term 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.

According to that complaint filed in the U.S. District Court for the Northern District of California 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.

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.