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4-DAY DEADLINE ALERT: HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Farfetch (FTCH) Investors Who Have Suffered Significant Losses to Contact Firm, Application Deadline is Approaching

Thursday, 14 November 2019 08:05 PM

Hagens Berman Sobol Shapiro LLP

Topic:
Lawsuits

SAN FRANCISCO, CA / ACCESSWIRE / November 14, 2019 / Hagens Berman urges Farfetch (NYSE:FTCH) investors who have suffered significant losses to submit their loss now to learn if they qualify to recover their investment losses. The November 18, 2019 lead plaintiff deadline in a securities fraud class action pending against the company is approaching.

Class Period: Sept. 18, 2018 - Sept. 17, 2019
Lead Plaintiff Deadline: Nov. 18, 2019
Sign Up: https://www.hbsslaw.com/investor-fraud/FTCH
Contact An Attorney Now: [email protected]
510-725-3000

Farfetch (FTCH) Securities Class Action:

According to the Complaint, Defendants concealed that Farfetch's core business was vulnerable to heavy promotions of luxury goods and the Company's profitability depended on aggressive acquisitions. The market learned the truth on August 8, 2019, when Farfetch announced disappointing 2Q 2019 financial results, including rising costs due to "very, very heavy promotions" and a $675 million acquisition of New Guards Group. Farfetch also disclosed that its COO had resigned. In response, the price of Farfetch shares crashed 44% over the course of a single trading day.

If you invested in Farfetch between Sept. 18, 2018 and Sept. 17, 2019 and suffered significant losses (in excess of $50,000), you may qualify to be a lead plaintiff - one who selects and oversees the attorneys prosecuting the case. Contact Hagens Berman immediately to obtain additional information about this case or being a lead plaintiff.

"We are focused on investors' losses and whether Farfetch misrepresented the sustainability of its business model," said Hagens Berman partner Reed Kathrein.

Whistleblowers: Persons with non-public information regarding Farfetch should consider their options to help in the investigation or take advantage of the SEC whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 510-725-3000 or email [email protected].

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About Hagens Berman

Hagens Berman is a national law firm with nine offices in eight cities around the country and eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes is located at hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.

Contact:

Reed Kathrein, 510-725-3000

SOURCE: Hagens Berman Sobol Shapiro LLP

Topic:
Lawsuits
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