SAN DIEGO, CA / ACCESSWIRE / November 5, 2019 / The Shareholders Foundation, Inc. announces that a lawsuit was filed for certain investors in Dropbox, Inc. (NASDAQ:DBX) shares.
Investors, who purchased shares of Dropbox, Inc. (NASDAQ:DBX), have certain options and should contact the Shareholders Foundation at [email protected] or call +1(858) 779 - 1554.
The plaintiff alleges that between the defendants made false and/or misleading statements and/or failed to disclose that Dropbox had materially overstated its ability to monetize its user base, that Dropbox was facing worsening revenue trends that were negatively impacting the Company at the time of the initial public stock offering ("IPO"), that Dropbox was tracking below its internal revenue and monetization targets at the time of the IPO, and that as a result, defendants' statements about Dropbox's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times
Those who purchased Dropbox, Inc. (NASDAQ:DBX) shares should contact the Shareholders Foundation, Inc.
CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
[email protected]
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, 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. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.
SOURCE: Shareholders Foundation, Inc.