IMPORTANT INVESTOR REMINDER: The Schall Law Firm Announces it is Investigating Claims Against Facebook, Inc. & Encourages Inv...
August 08 2018 - 7:55PM
Business Wire
The Schall Law Firm, a national
shareholder rights litigation firm, announces that it is
investigating claims on behalf of investors of Facebook, Inc.
(“Facebook” or “the Company”) (NASDAQ: FB) for violations of
§§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule
10b-5 promulgated thereunder by the U.S. Securities and Exchange
Commission.
The investigation focuses on whether the Company issued false
and/or misleading statements and/or failed to disclose information
pertinent to investors. Facebook specifically made misleading
statements and failed to disclose that the number of daily and
monthly active users of its platform was declining. Additionally,
due to both currency conditions and a concentration of efforts on
promotion of features such as Facebook Stories, which have lower
levels of monetization and profitability, the Company expected
slower revenue growth and falling margins. Based on these facts,
the lawsuit alleges that Facebook made false and materially
misleading statements throughout the class period. When the market
learned the truth about Facebook, investors suffered damages.
If you are a shareholder who suffered a loss, click here to
participate.
We also encourage you to contact Brian Schall, or Sherin
Mahdavian, 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 brian@schallfirm.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.
The Schall Law Firm represents investors around the world and
specializes in securities class action lawsuits and shareholder
rights litigation.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and rules of
ethics.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20180808005868/en/
The Schall Law FirmBrian Schall, Esq.Sherin Mahdavian,
Esq.310-301-3335info@schallfirm.comwww.schallfirm.com
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