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 [email protected].
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.
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