Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  Shopify Inc (US)    SHOP   CA82509L1076

Mes dernières consult.
Most popular
News SummaryMost relevantAll newsSector newsTweets

Block & Leviton LLP : Announces Investigation of Shopify Inc. (SHOP) Following Report Of "Get Rich Quick" Scheme; Encourages Shareholders To Contact The Firm

share with twitter share with LinkedIn share with facebook
share via e-mail
10/05/2017 | 11:47pm CET

BOSTON, Oct. 5, 2017 /PRNewswire/ -- Block & Leviton LLP (www.blockesq.com), a securities litigation firm representing investors nationwide, is investigating whether Shopify Inc. ("Shopify" or the "Company") (NYSE: SHOP) and certain of its officers and directors violated federal securities laws following reports that the Company is engaged in peddling a potentially illegal "get rich quick" scheme.

The investigation is prompted by an October 4, 2017, report from Citron Research ("Citron") alleging that Shopify's marketing strategy amounts to a "a completely illegal get-rich quick scheme." Citron alleged that Shopify relies upon so-called "affliates" and "partners" in order to promote its business on the Internet, in violation of applicable Federal Trade Commission guidelines. Citron alleged that Shopify improperly suggested that its users would become "millionaires." Citron said Shopfiy's practices resembled those of Herbalife, a business which reached a $200 million agreement to settle Federal Trade Commission charges that it deceived consumers into believing they could earn substantial money selling diet, nutritional supplement, and personal care products.

On this news, the Company's stock fell more than 10%, from $116.81 to $103.30 on October 4, 2017, and subsequently continued to fall.

If you purchased or otherwise acquired Shopify securities and have questions about your legal rights or possess information relevant to this investigation, you are encouraged to contact attorney Thomas Kirchofer at (617) 398-5600, by email at [email protected], or by visiting www.blockesq.com/shopify.

Confidentiality to whistleblowers or others with information relevant to this investigation is assured.

Block & Leviton LLP is a Boston-based law firm representing investors nationwide. The firm's lawyers have collectively been prosecuting securities cases on behalf of individual and institutional investors for over 50 years, and have recovered billions of dollars on their behalf. Block & Leviton's investigations into corporate wrongdoing were recently covered by the New York Times.

This notice may constitute attorney advertising.


Block & Leviton LLP
Thomas W. Kirchofer
155 Federal Street, Suite 400
Boston, MA 02110
(617) 398-5600
[email protected]

View original content:http://www.prnewswire.com/news-releases/block--leviton-llp-announces-investigation-of-shopify-inc-shop-following-report-of-get-rich-quick-scheme-encourages-shareholders-to-contact-the-firm-300532195.html

SOURCE Block & Leviton LLP

© PRNewswire 2017
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on SHOPIFY INC (US)
12/13 SHOPIFY US : More than 500,000 Magento, Shopify, and Drupal E-Commerce Sites can..
12/12 SHOPIFY US : and Plus Partners Join ShipStation Solutions Providers Program
12/07 SHOPIFY US : Flatlay Announces Blockchain Integrations, Bridging Gaps for Brands..
12/06 SHOPIFY US : CallTrackingMetrics Partners with Shopify to Provide Smart Shopping..
12/05 SHOPIFY US : NS8 Raises $7.5 Million Series Seed Financing Round Led by Arbor Ve..
12/05 SHOPIFY US : CallTrackingMetrics Partners with Shopify to Provide 'Smart' Shoppi..
12/05 Sure Fit Home Décor Selects Pulse Commerce and Shopify Plus to Power its Comm..
12/04 SHOPIFY US : NS8 Raises $7.5 Million Series Seed Financing Round Led by Arbor Ve..
12/01 READY FOR SOME RISK? HERE ARE SOME O : Red-hot high-risk stocks I own
11/28 SHOPIFY US : Johnson Fistel, Announces Investigations of INC Research Holdings, ..
More news
News from SeekingAlpha
12/11 SHOPIFY : Explosive Growth
12/05 November Dividend Income Report
12/01 Baozun Has Ample Upside, If You Can Stomach The Volatility
11/28 Don't Be Fooled By eBay's Low PE
11/28 Shopify clears $1B in GMV over Black Friday weekend