U.S. Markets closed
  • S&P 500

    3,426.92
    -56.89 (-1.63%)
     
  • Dow 30

    28,195.42
    -410.89 (-1.44%)
     
  • Nasdaq

    11,478.88
    -192.67 (-1.65%)
     
  • Russell 2000

    1,613.63
    -20.18 (-1.24%)
     
  • Crude Oil

    40.69
    -0.14 (-0.34%)
     
  • Gold

    1,906.10
    -5.60 (-0.29%)
     
  • Silver

    24.50
    -0.20 (-0.82%)
     
  • EUR/USD

    1.1777
    +0.0050 (+0.4240%)
     
  • 10-Yr Bond

    0.7610
    +0.0170 (+2.28%)
     
  • Vix

    29.18
    +1.77 (+6.46%)
     
  • GBP/USD

    1.2944
    +0.0036 (+0.2757%)
     
  • USD/JPY

    105.4600
    +0.0660 (+0.0626%)
     
  • BTC-USD

    11,768.30
    +711.29 (+6.43%)
     
  • CMC Crypto 200

    239.16
    +5.49 (+2.35%)
     
  • FTSE 100

    5,884.65
    -34.93 (-0.59%)
     
  • Nikkei 225

    23,671.13
    +260.50 (+1.11%)
     

Hagens Berman Reminds Farfetch (FTCH) Investors of Securities Class Action and Encourages Investors to Contact the Firm

Class-action law firm urges FTCH investors who have suffered significant losses (in excess of $50,000) to learn their shareholder rights

SAN FRANCISCO, CA / ACCESSWIRE / October 1, 2019 / Hagens Berman notifies FTCH investors of a securities lawsuit filed against Farfetch Limited (FTCH).

CLASS PERIOD: Sept. 18, 2018 - Sept. 17, 2019
LEAD PLAINTIFF DEADLINE: Nov. 18, 2019
Email: FTCH@hbsslaw.com
Visit: https://www.hbsslaw.com/investor-fraud/FTCH
Call: Reed Kathrein, who is leading the firm's investigation: 510-725-3000

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 FTCH@hbsslaw.com.

# # #

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



View source version on accesswire.com:
https://www.accesswire.com/561621/Hagens-Berman-Reminds-Farfetch-FTCH-Investors-of-Securities-Class-Action-and-Encourages-Investors-to-Contact-the-Firm