NEW YORK, Feb. 18, 2020 /PRNewswire/ -- Moore Kuehn, PLLC,
a securities law firm located on Wall Street in downtown
New York City, is investigating
potential claims involving directors and officers regarding
possible breaches of fiduciary duties and other violations of law
related to whether insiders, as alleged in federal securities
lawsuits, caused their companies to make false and/or misleading
statements and/or failed to disclose, among other things,
that:
- iRobot Corporation (NASDAQ: IRBT)
(1) iRobot's explosive growth was not based on increased demand,
expanding margins, and product innovations, as it claimed, but
rather based on channel stuffing; (2) the Company attempted to
conceal its actions by acquiring its distributors in Europe and Asia; and (3) these acquisitions were designed
to clean up the company's global inventory and mask falling
demand.
- Twitter, Inc. (NYSE: TWTR)
(1) while Twitter represented that it "fixed" certain issues
relating to user choice settings designed to target advertising
were not working as intended; and (2) the changes implemented to
fix these issues adversely affected Twitter's ability to target
advertising, including the targeting of advertising through its
Mobile App Promotion product, which caused a material decline in
advertising revenue.
- Slack Technologies, Inc. (NYSE: WORK)
(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; and (4) any service-level
disruptions would have a material adverse impact on Slack's
financial results.
Moore Kuehn encourages shareholders who would like to discuss
their rights to contact Justin Kuehn,
Esq. by email at jkuehn@moorekuehn.com or telephone at (212)
709-8245. The consultation and case are free with no
obligation to you. Shareholders should
contact the firm immediately as there may be limited time to
enforce your rights.
Moore Kuehn is a 5-star Google rated New York City-based law firm with attorneys
representing investors and consumers in class action litigation
involving securities law violations, financial fraud, breaches of
fiduciary duties, and other claims. For additional
information about Moore Kuehn, please go to
http://www.moorekuehn.com/practice/new-york-securities-litigation/.
Attorney advertising. Prior results do not guarantee similar
outcomes.
Contacts:
Moore Kuehn, PLLC
Justin Kuehn, Esq.
30 Wall Street, 8th Floor
New York, New York 10005
jkuehn@moorekuehn.com
(212) 709-8245
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