NEW YORK, N.Y. / ACCESSWIRE / September 15, 2019 / Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Farfetch Limited (FTCH) resulting from allegations that Farfetch may have issued materially misleading business information to the investing public.
On August 8, 2019, Farfetch reported a larger-than-expected loss of $89.6 million for the second quarter of 2019. The Company also announced the $675 million acquisition of New Guards Group. That same day, Farfetch announced the resignation of its Chief Operating Officer.
On this news, the price of Farfetch securities fell $8.12 per share, or over 44%, to close at $10.13 on August 9, 2019.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Farfetch investors. If you purchased shares of Farfetch please visit the firm’s website at http://www.rosenlegal.com/cases-register-1673.html to join the class action. You may also contact Phillip Kim of Rosen Law Firm toll free at 866-767-3653 or via email at email@example.com or firstname.lastname@example.org.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.
Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has secured hundreds of millions of dollars for investors.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 34th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
SOURCE: Rosen Law Firm
View source version on accesswire.com: