Levi & Korsinsky Announces Dropbox Class Action Investigation; DBX Lawsuit

Class Action Reports

Levi & Korsinsky Announces Dropbox Class Action Investigation; DBX Lawsuit

Levi & Korsinsky, LLP

October 25, 2019

Levi & Korsinsky, LLP announces that a DBX class action lawsuit has been commenced on behalf of investors who purchased Dropbox, Inc. (DBX) pursuant and/or traceable to the Company’s initial public offering in March 23, 2018. For more on the Dropbox Class Action please contact us today.

According to the Dropbox lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) Dropbox had materially overstated its ability to monetize its user base; (2) Dropbox was facing worsening revenue trends, which were negatively impacting the Company at the time of the initial public offering (“IPO”); (3) Dropbox was tracking below its internal revenue and monetization targets at the time of the IPO; and (4) as a result, defendants’ statements about Dropbox’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

TO LEARN MORE ABOUT THE DBX CLASS ACTION, VISIT: https://www.zlk.com/pslra-1/dropbox-inc-loss-form?wire=3

If you suffered a loss in Dropbox you have until December 3, 2019 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