FACEBOOK SHAREHOLDER ALERT: ClaimsFiler Reminds Investors with Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Facebook, Inc. - FB
Sep. 01, 2018
NEW ORLEANS--(BUSINESS WIRE)--Aug 31, 2018--ClaimsFiler, a FREE shareholder information service, reminds investors that they have until September 25, 2018 to file lead plaintiff applications in a securities class action lawsuit against Facebook, Inc. (NasdaqGS: FB), if they purchased the Company’s shares between October 1, 2017 and July 26, 2018, inclusive (the “Class Period”). This action is pending in the United States District Court for the Southern District of New York.
Facebook investors should visit us at https://www.claimsfiler.com/cases/view-facebook-inc-securities-litigation-3 or call to speak to our claim center toll-free at (844) 367-9658.
About the Lawsuit
Facebook and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On July 25, 2018, the Company disclosed, after market, its 2Q2018 results including both revenue and active user counts below market expectations. Further, the Company anticipated slow revenue growth and falling margins and that it “expect[s] currency to be a slight headwind in the second half versus the tailwinds we have experienced over the last several quarters” and its “plan to grow and promote certain engaging experiences like Stories that currently have lower levels of monetization.”
On this news, the price of Facebook’s shares plummeted 18.96%.
ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. ClaimsFiler's team of experts monitor the securities class action landscape and cull information from a variety of sources to ensure comprehensive coverage across a broad range of financial instruments.
To learn more about ClaimsFiler, visit www.claimsfiler.com.
View source version on businesswire.com:https://www.businesswire.com/news/home/20180831005379/en/
Jerry Gallo, 844-367-9658
KEYWORD: UNITED STATES NORTH AMERICA LOUISIANA
INDUSTRY KEYWORD: SOCIAL MEDIA PROFESSIONAL SERVICES LEGAL COMMUNICATIONS OTHER COMMUNICATIONS
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PUB: 08/31/2018 10:50 PM/DISC: 08/31/2018 10:50 PM