Trending...
- For Small Business Week: This Math should be Required Reading For Every Business in the Universe!
- Emmy Winning Broadcaster Dave Benz Launches TixScape to Help Fans Find World Cup Deals
- California: Governor Newsom statement on Fifth Circuit ruling restricting access to mifepristone
LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Pinterest, Inc. ("Pinterest" or "the Company") (NYSE: PINS) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company's securities between May 16, 2019 and November 1, 2019, inclusive (the ''Class Period''), are encouraged to contact the firm before January 22, 2021.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.
More on The Californer
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Pinterest was approaching the maximum capacity of its addressable market in the United States. This market saturation greatly slowed down the Company's potential to increase its average revenue per user. The Company also suffered a greater risk of losing advertising revenue. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Pinterest, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
Investors who purchased the Company's securities between May 16, 2019 and November 1, 2019, inclusive (the ''Class Period''), are encouraged to contact the firm before January 22, 2021.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.
More on The Californer
- Umbrella Becomes First FinOps Platform to Support AWS Billing Transfer Onboarding
- California: Governor Newsom announces new projects helping expand mental health care capacity and treatment statewide
- TariffGuru.com Launches Free AI Agent to Help U.S. Small Businesses With Their Tariff Refund
- I've Found the Best Cartier Dupes, Starting From Just £39.99
- KPSGILL.COM Expands Public Archive on Medicine, Human Rights, and Historical Accountability
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Pinterest was approaching the maximum capacity of its addressable market in the United States. This market saturation greatly slowed down the Company's potential to increase its average revenue per user. The Company also suffered a greater risk of losing advertising revenue. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Pinterest, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
Filed Under: Business
0 Comments
Latest on The Californer
- Assymetrix Launches the Deepest Independent Prediction Market Data API
- Outfront Solutions Launches New Website Built for the AI Era
- mBOLDen Change Launches Move My DAF to Help Donors Find Values-Aligned DAF Sponsors
- CCHR: 'Plant-Based' Psychedelics Push Masks Synthetic Drugs and Billion-Dollar Profits
- BTR: i2 Group Launches i2 Amplify, a Community Platform for Intelligence Professionals Worldwide
- Registration Now Available for Dodgers Dreamteam Program in Long Beach for Local Youth
- 555 Vitae Joins American Racing as Official Wellness Partner for 2026 MotoGP World Championship
- LAX Van Rentals Expands One-Way Service to Las Vegas and San Diego for Group Travelers
- L.A. Watts Summer Games Announces Free Pelé Tribute Event at Magic Johnson Park
- California: Governor, First Partner statement on the passing of Doris Fisher
- Long Beach: City to Celebrate Small Business and Economic Development Weeks in May
- From Small Stages to Big Dreams: "Zero to 100 Open Mics" To Chronicle the Comedy Grind Across America
- Jon Henderson Brings California 2.0 To Lafayette For Community Conversation On The State's Future
- New Research Confirms that TCA Venture Group Portfolio Companies with Member Board Representation Perform Dramatically Better in Returns, Exits & MOIC
- SUMOFIBER Fuels Explosive Growth With netElastic vBNG
- NRx Pharmaceuticals (N A S D A Q: NRXP) Accelerates Into National Spotlight as Manufacturing Launch, Federal Policy & AI-Driven Breakthroughs Converge
- Expanding Into High-Margin Battery Recycling With Black Mass Strategy plus Scaling AI Infrastructure & Global Supply Chain Platform: N A S D A Q: MWYN
- Long-Distance Couples Spend Nearly $7,000 on Travel Before Moving In Together, New Mayflower Research Finds
- LegalEng Consulting Group Appoints Mary O'Carroll as Chief Executive Officer
- imggpt Launches AI-Powered GPT Image Generator and Photo Editor for Creative Teams