Farfetch Limited Securities Litigation

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Lawsuit Overview

Defendant:Farfetch Limited
Date Filed:September 17th, 2019
Industry:Business Services
Class Start Date:September 20th, 2018
Class End Date:August 8th, 2019

According to the Complaint, Farfetch is a technology platform that purports to be the only global luxury digital marketplace at scale that connects brands, retailers, and consumers.

The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, the Complaint alleges Defendants failed to disclose to investors: (1) that large scale online wholesale was reasonably likely to lead to pricing volatility and heavy promotions of luxury goods; (2) that the Company's core business was vulnerable to such pricing pressures; (3) that the Company would aggressively pursue acquisitions to remain profitable; and (4) that, 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.

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First Identified Complaint

Jeff Omdahl, et al. v. Farfetch Limited, et al.

Date Filed:September 17th, 2019
Class Period Start:September 20th, 2018
Class Period End:August 8th, 2019
First Identified Complaint Filings
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