Lyft Inc
0 DAYS LEFT TO SEEK LEAD PLAINTIFF STATUS
Case Summary | |
Company Name: | Lyft Inc |
Stock Symbol : | NASDAQ: LYFT |
Class Period Start: | 03/28/2019 |
Class Period End: | 03/28/2019 |
Lead Plaintiff motion: | 06/24/2019 |
Date Filed: | 04/24/2019 |
Type of Case: | Securities Class Action |
Court: | U.S. District Court of California |
Summary: | Thieler Law Corp advises investors with losses exceeding $100,000 of the June 24, 2019 lead plaintiff deadline in a class action lawsuit filed against Lyft Inc (NASDAQ: LYFT) (“Lyft” or “the Company”). The suit is pending in the U.S. District Court of California any investors, who purchased Lyft Inc securities pursuant or traceable to the Company's Offering and Registration Statement issued in relation to the March 28, 2019 IPO, have until June 24, 2019 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class. If you purchased Lyft Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class. The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that more than 1,000 of the bicycles in Lyft's rideshare program suffered from safety issues that would lead to their recall; and Lyft's claimed ridesharing market position was overstated. Accordingly, the price of the Company' s shares was artificially and materially inflated at the time of the Offering. On March 28, 2019, the Company revealed the pricing of its initial public offering of 32,500,000 shares of its Class A common stock at $72.00 per share. In addition, the Company revealed that shares of Lyft's common stock were expected to begin trading on the Nasdaq Global Select Market on March 29, 2019 under the ticker symbol "LYFT." Lyft's stock closed at $56.25 on April 16, 2019, nearly 22% below its IPO price. If you were negatively impacted by your investment in Lyft Inc securities pursuant or traceable to the Company's Offering and Registration Statement issued in relation to the March 28, 2019 IPO and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation. Thieler Law Corp purchases advertisements on search engines, social media sites and other websites. If you send us information, note that does not create an attorney-client relationship with the firm. Materials are provided for informational purposes only and do not constitute legal advice. We are only licensed to practice law in Germany. We are neither licensed nor qualified to render advice on US Federal or State law. Thieler Law Corp 2534 State Street - Suite 406, San Diego, CA 92101 by email: mail@thielerlaw.com or telephone at +1 (619) 377 - 4324 or visit our website http://www.thielerlaw.com/ or Facsimile: +1 (619) 785 – 3185 |