Law PC, a national shareholder rights litigation firm, announces
that it is investigating claims on behalf of investors of Shopify Inc.
(“Shopify” or the “Company”) (NYSE: SHOP).
If you purchased or otherwise acquired Shopify shares, and would like
more information about the investigation, we encourage you to contact Michael
Goldberg or Brian Schall,
of Goldberg Law PC, 1999 Avenue of the Stars, Suite 1100, Los Angeles,
CA 90067, at 800-977-7401, to discuss your
rights without cost to you.
You can also reach us through the firm’s website at http://www.Goldberglawpc.com,
or by email at [email protected].
The investigation focuses on whether Shopify and certain of its officers
and/or directors violated federal securities laws. On October 4, 2017,
Citron Research published a report characterizing the Company 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. Following this
news, Shopify’s stock price dropped.
If you have any questions concerning your legal rights, please
immediately contact Goldberg Law PC at 800-977-7401,
or visit our website at http://www.Goldberglawpc.com,
or email us at [email protected].
Goldberg Law PC 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171004006435/en/