Levi & Korsinsky, LLP announces that a FUBO class action lawsuit has been filed on behalf of investors who purchased fuboTV Inc. (FUBO) securities between March 23, 2020 and January 4, 2021. For more on the FUBO Lawsuit please contact us today.
According to the fuboTV lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (ii) Fubo offering of products was subject to undisclosed cost escalations; (iii) Fubo could not successfully compete and perform as sportsbook operator and could not capitalize on its only sports wagering opportunity; (iv) Fubo’s data and inventory were not differentiated to allow Fubo to achieve long-term advertising growth goals and forecasts; (v) Fubo’s valuation was overstated in light of its total revenue and subscription levels; (vi) the acquisition of Balto Sport did not provide the stated synergies, internal expertise, and did not expand the Company’s addressable market into online sports wagering; and as a result, Defendants’ public statements were materially false and/or misleading at all relevant times.
If you suffered a loss in fuboTV you have until April 19, 2021, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171