Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of Shopify Inc (NYSE: SHOP) violated securities laws in connection with certain financial statements.

The investigation seeks to discover if possible claims on behalf of purchasers of the securities of Shopify Inc (NYSE: SHOP)  concerning whether a series of statements by Shopify Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On October 4, 2017, a report by Citron Research revealed  Shopify as “a completely illegal get-rich quick scheme.” Alleging, Shopify inaccurately described the Company's relationship with certain affiliates, stating, in part: “Shopify calls these affiliates ‘partners.’ We call them promoters selling business opportunities.” The Citron report compared Shopify’s business practices to those of Herbalife Ltd. (“Herbalife”), 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, NYSE: SHOP dropped $13.51, or 11.57%, to close at $103.30 on October 4, 2017, thereby damaging investors.

Based in Ottawa, Canada, and founded in 2004 Shopify Inc provides a cloud-based multi-channel commerce platform for small and medium-sized businesses internationally.

If you purchased shares of Shopify Inc (NYSE: SHOP) on or before October 4, 2017, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.

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