SAN DIEGO, Sept. 4, 2019 /PRNewswire/ -- Shareholder Rights
Law Firm Johnson Fistel, LLP, is investigating potential claims
against Slack Technologies, Inc. (NYSE: Work) ("Slack") for
violations of federal securities laws.
On or about June 20, 2019, Slack
sold 118.4 million shares of stock in its initial public stock
offering (the "IPO"), at $38.50 a
share raising $ 4,559,541,140 in new
capital. However, since the IPO, Slack stock has plunged, on
September 4, 2019, in aftermarket
trading; the stock was trading at $26.10.
On September 4, 2019, Slack reported second-quarter
fiscal 2019 results and issued guidance for the third- quarter.
Slack's guidance calls for a loss greater than analysts had
expected.
Specifically, Johnson Fistel's
investigation seeks to determine whether the Company's filings with
the U.S. Securities and Exchange Commission in connection with its
June 2019 IPO and subsequent investor
communications contained untrue statements of material facts or
omitted to state other facts necessary to make the statements made
therein not misleading concerning the Company's business, and
operations.
If you have information that could assist in this
investigation, or if you are a Slack shareholder
and are interested in learning more about the investigation or your
legal rights and remedies, please contact Jim Baker (jimb@johnsonfistel.com) at
619-814-4471. If emailing, please include a phone number.
Additionally, you can [Click here to join this action]. There is
no cost or obligation to you.
About Johnson Fistel,
LLP:
Johnson Fistel, LLP is a
nationally recognized shareholder rights law firm with offices in
California, New York and Georgia. The firm represents individual and
institutional investors in shareholder derivative and securities
class action lawsuits. For more information about the firm and its
attorneys, please visit http://www.johnsonfistel.com. Attorney
advertising. Past results do not guarantee future outcomes.
Contact:
Johnson
Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com
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SOURCE Johnson Fistel, LLP