The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the United States District Court for the District of Northern District of California on behalf of investors who purchased Eventbrite, Inc. (NYSE: EB) shares (a) pursuant and/or traceable to the September 2018 Initial Public Offering; and/or (b) between September 20, 2018 and March 7, 2019.
The complaint alleges that Defendants made false and/or misleading statements and/or failed to disclose that: (1) the Company’s migration of customers from Ticketfly to Eventbrite was progressing slower than expected; (2) as a result, the Ticketfly integration would take longer than expected; (3) as a result, the Company’s revenue and growth would be negatively impacted; and (4) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.
If you suffered a loss in Eventbrite you have until June 17, 2019 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
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