NEW YORK–(BUSINESS WIRE)–Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Farfetch Limited (NYSE: FTCH) resulting from allegations that Farfetch may have issued materially misleading business information to the investing public.
On August 8, 2019, Farfetch reported a larger-than-expected loss of $89.6 million for the second quarter of 2019. The Company also announced the $675 million acquisition of New Guards Group. That same day, Farfetch announced the resignation of its Chief Operating Officer.
On this news, the price of Farfetch securities fell $8.12 per share, or over 44%, to close at $10.13 on August 9, 2019.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Farfetch investors. If you purchased shares of Farfetch please visit the firm’s website at http://www.rosenlegal.com/cases-register-1673.html to join the class action. You may also contact Phillip Kim of Rosen Law Firm toll free at 866-767-3653 or via email at [email protected] or [email protected].
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has secured hundreds of millions of dollars for investors.
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Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 34th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827