LOS ANGELES, CA / ACCESSWIRE / November 16, 2019 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Farfetch Limited ("Farfetch" or "the Company") (NYSE:FTCH) for violations of the Federal securities laws.
Investors who purchased the Company's shares pursuant and/or traceable to the registration statement and prospectus (collectively, the "Registration Statement") issued in connection with the Company's September 2018 initial public offering ("IPO") are encouraged to contact the firm before November 18, 2019.
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 424-303-1964, 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 email@example.com.
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. Farfetch failed to disclose that online wholesale operations were likely to lead to pricing volatility of luxury goods. In fact, the Company's core operations were susceptible to pricing pressures. The Company resorted to aggressive acquisitions to maintain profitability. 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 Farfetch, 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.
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SOURCE: The Schall Law Firm
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