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Lundin Law PC, a shareholder rights firm, announces that it is investigating claims against Shopify Inc. ("Shopify" or the "Company") (NYSE:SHOP) concerning possible violations of federal securities laws.
To get more information about this investigation, please contact Brian Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or by email at brian@lundinlawpc.com.
On October 4, 2017, Citron Research published a report characterizing Shopify as "a completely illegal get-rich quick scheme." The report alleged that Shopify inaccurately described its relationship with certain affiliates, stating, in part: "Shopify calls these affiliates ‘partners.' We call them promoters selling business opportunities." The report compared the Company's business practices to those of Herbalife Ltd., a company that recently paid $200 million and agreed to an order "prohibit[ing] Herbalife from misrepresenting distributors' potential or likely earnings" to settle Federal Trade Commission charges. Upon release of this information, shares of Shopify fell in value.
Lundin Law PC was founded by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders' rights.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171006005777/en/
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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