Levi & Korsinsky Announces Slack Technologies Class Action Investigation; WORK Lawsuit

Class Action Reports

Levi & Korsinsky Announces Slack Technologies Class Action Investigation; WORK Lawsuit

Levi & Korsinsky, LLP

November 5, 2019

Levi & Korsinsky, LLP announces that a WORK class action lawsuit has been commenced on behalf of investors who purchased Slack Technologies, Inc. (WORK) pursuant and/or traceable to the Company’s initial public offering in June 20, 2019. For more on the Slack Technologies Class Action please contact us today.

According to the Slack Technologies lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) the Company’s Slack Platform was susceptible to recurring service-level disruptions; (2) such disruptions were increasingly likely to occur as the Company scaled its services to a larger user base; (3) the Company provides credits even if a customer was not specifically affected by service-level disruptions; (4) as a result, any service-level disruptions would have a material adverse impact on the Company’s financial results; and (5) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

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

If you suffered a loss in Slack Technologies you have until November 18, 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