Class Action Reports

FUBO Class Action: Learn About the fuboTV Lawsuit

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February 19, 2021

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.

 

TO LEARN MORE ABOUT THE FUBO CLASS ACTION LAWSUIT, CLICK HERE

 

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.

 

 

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

55 Broadway, 10th Floor

New York, NY 10006

jlevi@levikorsinsky.com

Tel: (212) 363-7500

Fax: (212) 363-7171

www.zlk.com