Investors who lost money with shares of Farfetch Limited (NYSE: FTCH) should contact the Shareholders Foundation in connection with Investigation over potential Wrongdoing

An investigation was announced over potential breaches of fiduciary duties by certain directors of Farfetch Limited was announced.

Investors who are current long term investors in Farfetch Limited (NYSE: FTCH) 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: FTCH stocks follows a lawsuit filed against Farfetch Limited over alleged securities laws violations. The investigation on behalf of investors in NYSE: FTCH stocks, concerns whether certain Farfetch Limited 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 District of Maryland the plaintiff alleges that the Defendants made false and/or misleading statements and/or failed to disclose that Farfetch was experiencing a significant slowdown in growth in the U.S. and China, that Farfetch also faced onboarding challenges impacting the launch of its Reebok partnership, that Farfetch downplayed challenges it faced with respect to, and/or overstated its ability to manage, its supply chain and inventory, that all the foregoing was having a significant negative impact on Farfetch's revenue and GMV growth, that accordingly, Farfetch was unlikely to meet market expectations for its Q2 2023 financial results or its own FY 2023 revenue guidance, and that as a result, the Company's public statements were materially false and misleading at all relevant times.

Those who purchased shares of Farfetch Limited (NYSE: FTCH) have certain options and should contact the Shareholders Foundation.

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 lawsuits, 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.