{"id":387292,"date":"2020-11-23T21:03:11","date_gmt":"2020-11-24T02:03:11","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=387292"},"modified":"2020-11-23T21:03:11","modified_gmt":"2020-11-24T02:03:11","slug":"pinterest-alert-bragar-eagel-squire-p-c-announces-that-a-class-action-lawsuit-has-been-filed-against-pinterest-inc-and-encourages-investors-to-contact-the-firm","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/pinterest-alert-bragar-eagel-squire-p-c-announces-that-a-class-action-lawsuit-has-been-filed-against-pinterest-inc-and-encourages-investors-to-contact-the-firm\/","title":{"rendered":"PINTEREST ALERT: Bragar Eagel &amp; Squire, P.C. Announces That a Class Action Lawsuit Has Been Filed Against Pinterest, Inc. and Encourages Investors to Contact the Firm"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">NEW YORK, Nov.  23, 2020  (GLOBE NEWSWIRE) &#8212; Bragar Eagel &amp; Squire, P.C., a nationally recognized shareholder rights law firm, announces that a class action lawsuit has been filed in the United States District Court for the Northern District of California on behalf of investors that purchased Pinterest, Inc. (NYSE: PINS) common stock between\u00a0May 16, 2019 and November 1, 2019 (the \u201cClass Period\u201d). Investors have until January 22, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit.<\/p>\n<p align=\"justify\">Click <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=NOFKPyRK8r8ojmnJ7Xe7r1bDKrnCSM4yonf-HyLDYo7zAsKFqhFJFZTINw1UOKVIx7yPt8NkMq1i7-5QnzyQIg==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">here<\/a> to participate in the action.<\/p>\n<p align=\"justify\">On October 31, 2019, the Company announced its financial results for the quarter ended September 30, 2019. The Company reported disappointing financial results, including 8% growth in the U.S. MAUs year over year, reaching 87 million, only 8 million more than the same period of the previous year. Pinterest also missed its consensus projections and reported lower than expected U.S. advertising revenue. The Company only marginally increased its full year 2019 guidance, implying further deceleration in the future quarters.<\/p>\n<p align=\"justify\">On this news, the price of the Company\u2019s shares steeply declined by 17%, to close at $20.86 on November 1, 2019.<\/p>\n<p align=\"justify\">The Complaint, filed on November 23, 2020, alleges that Pinterest made false and misleading statements to the public throughout the Class Period and failed to disclose that: (i) the Company\u2019s addressable market in the U.S. was reaching its maximum capacity; (ii) which significantly decelerated Pinterest\u2019s future ability to monetize on U.S. average revenue per user; (iii) Pinterest was at an increased risk of losing advertising revenue; (iv) and as a result, defendants\u2019 public statements were materially false and misleading at all relevant times or lacked a reasonable basis and omitted material facts.<\/p>\n<p align=\"justify\">If you purchased Pinterest common stock during the Class Period and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker, Melissa Fortunato, or Marion Passmore by email at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=me-nyp9WACVnVi9uqqlYxuTHYYGW2kiCbbAY8Ah8T97Fjoi4rwCea-aL3wTi-1jv5OECQMLwAFYtipBPlgn8NORQtXSqJCT0sp85fzTP9V4=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>investigations@bespc.com<\/u><\/a>, telephone at (212) 355-4648, or by <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=N3pOvjvixU-zmE68-Dyf-Dq566QAZ5JtgycAhB1T6UYkRW3C_-TOXXTaqdPcTX18c3LNjX2rRHQ43fRyhu31R0anzpNKxAouzNIoyjsdOUQ=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>filling out this contact form.<\/u><\/a> There is no cost or obligation to you.<\/p>\n<p>\n        <strong>About Bragar Eagel &amp; Squire, P.C.:<\/strong><br \/>\n        <br \/>Bragar Eagel &amp; Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=aCt2Ej1dbNgMnptXHW9-iDp1njiYmIxIQJrAgU_wA_0s0H-uL62uhj0hd91AzlRhWGdRU5s1OK1rK6BpfuWZ6g==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.bespc.com<\/a>. Attorney advertising. Prior results do not guarantee similar outcomes.<\/p>\n<p>\n        <strong>Contact Information:<\/strong><br \/>\n        <br \/>Bragar Eagel &amp; Squire, P.C.<br \/>Brandon Walker, Esq.<br \/>Melissa Fortunato, Esq.<br \/>Marion Passmore, Esq.<br \/>(212) 355-4648<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=me-nyp9WACVnVi9uqqlYxuTHYYGW2kiCbbAY8Ah8T95V7ctM9IZy0LBpYWs-vEgwsw-HIbCMDft0HwshYcNZiEIo9Q6pgsDP1PiLuRkx0qE=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">investigations@bespc.com<\/a><br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=aCt2Ej1dbNgMnptXHW9-iFbtPdKxunVOodo9_eJa_JV0F87IL9XqZb56SiXj4e53Q3upTQf87k7lALYxoyBciw==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.bespc.com<\/a><\/p>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5MTEzOSMzODQxMTY1IzIxMDAzOTg=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/bd967c94-eeb4-4c24-af97-3935ff432a49\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, Nov. 23, 2020 (GLOBE NEWSWIRE) &#8212; Bragar Eagel &amp; Squire, P.C., a nationally recognized shareholder rights law firm, announces that a class action lawsuit has been filed in the United States District Court for the Northern District of California on behalf of investors that purchased Pinterest, Inc. (NYSE: PINS) common stock between\u00a0May 16, 2019 and November 1, 2019 (the \u201cClass Period\u201d). Investors have until January 22, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit. Click here to participate in the action. On October 31, 2019, the Company announced its financial results for the quarter ended September 30, 2019. The Company reported disappointing financial results, including 8% growth in the U.S. MAUs &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/pinterest-alert-bragar-eagel-squire-p-c-announces-that-a-class-action-lawsuit-has-been-filed-against-pinterest-inc-and-encourages-investors-to-contact-the-firm\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;PINTEREST ALERT: Bragar Eagel &amp; Squire, P.C. Announces That a Class Action Lawsuit Has Been Filed Against Pinterest, Inc. and Encourages Investors to Contact the Firm&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-387292","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>PINTEREST ALERT: Bragar Eagel &amp; Squire, P.C. Announces That a Class Action Lawsuit Has Been Filed Against Pinterest, Inc. and Encourages Investors to Contact the Firm - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/pinterest-alert-bragar-eagel-squire-p-c-announces-that-a-class-action-lawsuit-has-been-filed-against-pinterest-inc-and-encourages-investors-to-contact-the-firm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PINTEREST ALERT: Bragar Eagel &amp; Squire, P.C. Announces That a Class Action Lawsuit Has Been Filed Against Pinterest, Inc. and Encourages Investors to Contact the Firm - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, Nov. 23, 2020 (GLOBE NEWSWIRE) &#8212; Bragar Eagel &amp; Squire, P.C., a nationally recognized shareholder rights law firm, announces that a class action lawsuit has been filed in the United States District Court for the Northern District of California on behalf of investors that purchased Pinterest, Inc. (NYSE: PINS) common stock between\u00a0May 16, 2019 and November 1, 2019 (the \u201cClass Period\u201d). Investors have until January 22, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit. Click here to participate in the action. On October 31, 2019, the Company announced its financial results for the quarter ended September 30, 2019. The Company reported disappointing financial results, including 8% growth in the U.S. MAUs &hellip; Continue reading &quot;PINTEREST ALERT: Bragar Eagel &amp; Squire, P.C. Announces That a Class Action Lawsuit Has Been Filed Against Pinterest, Inc. and Encourages Investors to Contact the Firm&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/pinterest-alert-bragar-eagel-squire-p-c-announces-that-a-class-action-lawsuit-has-been-filed-against-pinterest-inc-and-encourages-investors-to-contact-the-firm\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-24T02:03:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5MTEzOSMzODQxMTY1IzIxMDAzOTg=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/pinterest-alert-bragar-eagel-squire-p-c-announces-that-a-class-action-lawsuit-has-been-filed-against-pinterest-inc-and-encourages-investors-to-contact-the-firm\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/pinterest-alert-bragar-eagel-squire-p-c-announces-that-a-class-action-lawsuit-has-been-filed-against-pinterest-inc-and-encourages-investors-to-contact-the-firm\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"PINTEREST ALERT: Bragar Eagel &amp; Squire, P.C. 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Announces That a Class Action Lawsuit Has Been Filed Against Pinterest, Inc. and Encourages Investors to Contact the Firm - Market Newsdesk","og_description":"NEW YORK, Nov. 23, 2020 (GLOBE NEWSWIRE) &#8212; Bragar Eagel &amp; Squire, P.C., a nationally recognized shareholder rights law firm, announces that a class action lawsuit has been filed in the United States District Court for the Northern District of California on behalf of investors that purchased Pinterest, Inc. (NYSE: PINS) common stock between\u00a0May 16, 2019 and November 1, 2019 (the \u201cClass Period\u201d). Investors have until January 22, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit. Click here to participate in the action. On October 31, 2019, the Company announced its financial results for the quarter ended September 30, 2019. The Company reported disappointing financial results, including 8% growth in the U.S. MAUs &hellip; Continue reading \"PINTEREST ALERT: Bragar Eagel &amp; Squire, P.C. 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