Radnor, Pennsylvania, June 8, 2021 / PRNewswire / –Kessler Topaz Meltzer & Check, LLP law firm has filed a securities fraud class action against Pinterest, Inc. (NYSE: PINS) (“Pinterest”) against anyone who bought or purchased securities. It reminds investors that a class action has been filed on their behalf. Get Pinterest Securities Between February 4, 2021 And April 27, 2021, Comprehensive (“class period”).
Pinterest operates a platform that inspires users’ lives. Monthly active users (“MAU”) are the number of Pinterest users who have used Pinterest at least once in the 30 days leading up to the measurement date.
During the class action, the defendant emphasized user involvement and growth, but the truth was revealed. April 27, 2021 After the market closed, Pinterest announced its first quarter 2021 financial results, with global monthly active users up only 30% year-over-year to 478 million. Pinterest also announced: “[i]n In the second quarter, global MAUs are expected to grow in the mid-teens, and US MAUs are expected to be nearly flat year-on-year. “
In response to this news, Pinterest’s stock price has fallen. $ 11.25, Or close at 14.5% $ 66.33 Per share April 28, 2021..
The complaint alleges that during the class action, the defendant did not disclose to investors: (1) User growth has already slowed. (2) As a result, Pinterest predicted slower user engagement in the second quarter of 2021. (3) As a result of the above, Defendant’s positive statement regarding Pinterest’s business, operations and outlook was significantly misleading and / or lacked reasonable grounds.
Pinterest investors At the latest June 28, 2021Through, Kessler Topaz Meltzer & Check, LLP, or other attorneys, you may seek to be nominated as the Group’s principal plaintiff representative, or you may choose to do nothing and remain absent group members. The main plaintiff is the representative who acts on behalf of all class members in conducting the proceedings. In order to be nominated as the primary plaintiff, the court must determine that the claims of the members of the group are typical of the claims of other groups and that the members of the group adequately represent the group. Your ability to share recovery is unaffected by the decision to serve as primary plaintiff.
Kessler Topaz Meltzer & Check, LLP has filed class actions in state and federal courts nationwide, including securities fraud, fiduciary duty violations, and other state and federal law violations. Kessler Topaz Meltzer & Check, LLP is the driving force behind corporate governance reform, recovering billions of dollars on behalf of institutional and individual investors. USA And all over the world. The company represents investors, consumers and whistleblowers (private citizens who report fraud against the government and share the government’s dollar recovery). The proceedings in this proceeding were not filed by Kessler Topaz Meltzer & Check, LLP. Learn more about Kessler Topaz Meltzer & Check, LLP. www.ktmc.com..
Kessler Topaz Melzer & Check, LLP
James Maro Jr., Esq.
Adrian Bell, Esq.
280 King of Prussia Road
Radnor, Pennsylvania 19087
(844) 887-9500 (toll free)
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Source: Kessler Topaz Meltzer & Check, LLP
PINS Investor Reminder: Announcement of Deadline for Class Actions for Securities Fraud Filed Against Kessler Topaz Meltzer & Check, LLP, Pinterest, Inc. | Around the Web-Pennsylvania
Source link PINS Investor Reminder: Announcement of Deadline for Class Actions for Securities Fraud Filed Against Kessler Topaz Meltzer & Check, LLP, Pinterest, Inc. | Around the Web-Pennsylvania