Class Action Reports

Pinterest, Inc. Class Action Lawsuit

Matt Snitzer

January 12, 2021

Levi & Korsinsky, LLP reminds shareholders that a PINS class action lawsuit has been commenced on behalf of investors who purchased Pinterest, Inc. (PINS) securities between May 16, 2019 and November 1, 2019. For more on the Pinterest Class Action please contact us today.

 

According to the Pinterest lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (i) the Company’s addressable market in the U.S. was reaching its maximum capacity; (ii) which significantly decelerated Pinterest’s future ability to monetize on U.S. average revenue per user; (iii) Pinterest was at an increased risk of losing advertising revenue; (iv) and as a result, Defendants’ public statements were materially false and misleading at all relevant times or lacked a reasonable basis and omitted material facts.

 

TO LEARN MORE ABOUT THE PINS CLASS ACTION, CLICK HERE

 

If you suffered a loss in Pinterest you have until January 22, 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