World News: 17:28 GMT Wednesday 12th June 2019. [Schall Law via Globe Newswire via SPi World News]
LOS ANGELES, June 12, 2019 (GLOBE NEWSWIRE) -- , a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Eventbrite, Inc. (“Eventbrite” or “the Company”) (NYSE: ) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company's shares pursuant and/or traceable to the false and/or misleading registration statement and prospectus (the "Registration Statement") issued in connection with the Company's September 2018 initial public offering ("IPO”) and/or purchased shares between September 20, 2018 and March 7, 2019, inclusive (the ''Class Period''), are encouraged to contact the firm before June 14, 2019.
If you are a shareholder who suffered a loss, .
We also encourage you to contact Brian Schall, or Sherin Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm's website at , or by email at .
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Eventbrite’s migration of customers from Ticketfly, which it acquired in September 2017, occurred at a slower pace than anticipated, which resulted in a longer timeline to reach completion. This negatively impacted the Company’s revenue growth. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Eventbrite, investors suffered damages.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
The Schall Law Firm Brian Schall, Esq., Sherin Mahdavian, Esq., Office: 310-301-3335Cell: 424-303-1964
The Schall Law Firm
Globe Newswire: 17:28 GMT Wednesday 12th June 2019
SPi News is published by Sector Publishing Intelligence Ltd.
© Sector Publishing Intelligence Ltd 2019. [Admin Only]
Sector Publishing Intelligence Ltd.
Agriculture House, Acland Road, DORCHESTER, Dorset DT1 1EF United Kingdom
Registered in England and Wales number 07519380.