Dropbox, Inc. Class Action Lawsuit - DBX

Company
Dropbox, Inc. (NASDAQGS: DBX)
Lead Plaintiff Deadline
December 3, 2019 (Expired)
Class Period
March 23, 2018 - September 6, 2019

Expired

Lead Plaintiff Deadline

Dec 3, 2019

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Allegations

(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.

Eligibility

In order to be eligible to join the DBX class action lawsuit, you must have incurred a loss on shares of purchased during the class period listed above.

Lead Plaintiff Deadline

If you suffered a loss in during the relevant time frame or pursuant to the relevant offering(s), 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.

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