NEW YORK, Nov. 13, 2019 (GLOBE NEWSWIRE) -- Pawar Law Group announces that a class action lawsuit on behalf of shareholders who purchased shares of Slack Technologies, Inc. (NYSE: WORK) from pursuant or traceable to the June 2019 IPO, inclusive (the “Class Period”). The lawsuit seeks to recover damages for Slack Technologies, Inc. investors under the federal securities laws.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than November 18, 2019. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
To express an interest in the class action, go to http://pawarlawgroup.com/cases/slack-technologies-inc/ or call Vik Pawar, Esq. toll-free at 888-589-9804 or email firstname.lastname@example.org for information on the class action.
According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) the Company’s Slack Platform was susceptible to recurring service-level disruptions; (2) such disruptions were increasingly likely to occur as Slack scaled its services to a larger user base; (3) Slack provides credits even if a customer was not specifically affected by service-level disruptions; (4) any service-level disruptions would have a material adverse impact on Slack’s financial results; and (5) as a result, Slack’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
No class has been certified. Until a class is certified, you are not represented by counsel unless you hire one. You may hire counsel of your choice. You may also do nothing at this time and be an absent member of the class. Your ability to share in any future recovery is not dependent upon being a lead plaintiff. Attorney advertising.
Pawar Law Group represents investors from around the world.
Vik Pawar, Esq.
Pawar Law Group
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New York, NY 10007
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