Pinterest Inc. Class A Common Stock Pins Securities Litigation

Filing Deadline: June 28, 2021

If you purchased a significant amount of shares of Pinterest Inc. Class A Common Stock (NYSE: PINS), you have certain options. Investors should contact us before June 28, 2021.

 

Lawsuit Overview

Defendant:Pinterest Inc. Class A Common Stock
Date Filed:April 29th, 2021
Sector:Technology
Class Start Date:February 4th, 2021
Class End Date:April 27th, 2021

The complaint filed in this class action 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, Defendants failed to disclose to investors: (1) that user growth was already slowing; (2) that, as a result, the Company expected user engagement to slow in the second quarter of 2021; and (3) that, as a result, Defendants’ statements about its business, operations, and prospects were materially false and misleading and/or lacked reasonable basis at all relevant times.

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