Khang & Khang LLP (the “Firm”) announces that it is investigating claims
against Shopify Inc. (“Shopify” or the “Company”) (NYSE: SHOP)
concerning possible violations of federal securities laws.
If you purchased shares of Shopify and want more information, please
contact Joon M. Khang, Esquire, of Khang & Khang LLP, 4000 Barranca
Parkway, Suite 250 Irvine, CA 92604, by telephone: (949)
419-3834, or by e-mail at [email protected].
The investigation concerns 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. When this news was
announced, shares of Shopify declined in value.
If you have any questions concerning this notice or your rights, please
contact Joon M. Khang, a prominent litigator for almost two decades, by
telephone: (949) 419-3834, or by e-mail at [email protected].
This press release may constitute Attorney Advertising in some
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