{"id":393764,"date":"2020-12-04T17:02:53","date_gmt":"2020-12-04T22:02:53","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=393764"},"modified":"2020-12-04T17:02:53","modified_gmt":"2020-12-04T22:02:53","slug":"rosen-respected-investor-counsel-announces-filing-of-securities-class-action-lawsuit-against-pinterest-inc-encourages-investors-with-losses-in-excess-of-100k-to-contact-the-firm-pins","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/rosen-respected-investor-counsel-announces-filing-of-securities-class-action-lawsuit-against-pinterest-inc-encourages-investors-with-losses-in-excess-of-100k-to-contact-the-firm-pins\/","title":{"rendered":"ROSEN, RESPECTED INVESTOR COUNSEL, Announces Filing of Securities Class Action Lawsuit Against Pinterest, Inc.; Encourages Investors with Losses in Excess of $100K to Contact the Firm \u2013 PINS"},"content":{"rendered":"
\n

NEW YORK, Dec. 04, 2020 (GLOBE NEWSWIRE) — Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Pinterest, Inc. (NYSE: PINS) between May 16, 2019 to November 1, 2019, inclusive (the “Class Period”). The lawsuit seeks to recover damages for Pinterest investors under the federal securities laws.<\/p>\n

To join the Pinterest class action, go to http:\/\/www.rosenlegal.com\/cases-register-1995.html<\/a> or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com<\/a> or cases@rosenlegal.com<\/a> for information on the class action.<\/p>\n

According to the lawsuit, defendants throughout the Class Period made false and\/or misleading statements and\/or failed to disclose that: (1) Pinterest\u2019s addressable market in the U.S. was reaching its maximum capacity; (2) as a result, Pinterest\u2019s future ability to monetize on U.S. average revenue per user decelerated significantly; (3) Pinterest was at an increased risk of losing advertising revenue; and (4) 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. When the true details entered the market, the lawsuit claims that investors suffered damages.<\/p>\n

A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than <\/strong>January <\/strong>2<\/strong>2<\/strong>, 2021<\/strong>. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http:\/\/www.rosenlegal.com\/cases-register-1995.html<\/a> or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. of Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com<\/a> or cases@rosenlegal.com<\/a>.<\/p>\n

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. AN INVESTOR\u2019S ABILITY TO SHARE IN ANY POTENTIAL FUTURE RECOVERY IS NOT DEPENDENT UPON SERVING AS LEAD PLAINTIFF.<\/p>\n

Follow us for updates on LinkedIn: https:\/\/www.linkedin.com\/company\/the-rosen-law-firm<\/a>, on Twitter: https:\/\/twitter.com\/rosen_firm<\/a> or on Facebook: https:\/\/www.facebook.com\/rosenlawfirm\/<\/a>.<\/p>\n

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm\u2019s attorneys are ranked and recognized by numerous independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors. Attorney Advertising. Prior results do not guarantee a similar outcome.<\/p>\n

——————————-<\/p>\n

Contact Information:<\/p>\n

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com<\/a>
pkim@rosenlegal.com<\/a>
cases@rosenlegal.com<\/a>
www.rosenlegal.com<\/a><\/p>\n


\n
\n \n <\/div>\n

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NEW YORK, Dec. 04, 2020 (GLOBE NEWSWIRE) — Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Pinterest, Inc. (NYSE: PINS) between May 16, 2019 to November 1, 2019, inclusive (the “Class Period”). The lawsuit seeks to recover damages for Pinterest investors under the federal securities laws. To join the Pinterest class action, go to http:\/\/www.rosenlegal.com\/cases-register-1995.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. According to the lawsuit, defendants throughout the Class Period made false and\/or misleading statements and\/or failed to disclose that: (1) Pinterest\u2019s addressable market in the U.S. was reaching its … <\/p>\n

Continue reading “ROSEN, RESPECTED INVESTOR COUNSEL, Announces Filing of Securities Class Action Lawsuit Against Pinterest, Inc.; Encourages Investors with Losses in Excess of $100K to Contact the Firm \u2013 PINS”<\/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-393764","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nROSEN, RESPECTED INVESTOR COUNSEL, Announces Filing of Securities Class Action Lawsuit Against Pinterest, Inc.; Encourages Investors with Losses in Excess of $100K to Contact the Firm \u2013 PINS - 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\/rosen-respected-investor-counsel-announces-filing-of-securities-class-action-lawsuit-against-pinterest-inc-encourages-investors-with-losses-in-excess-of-100k-to-contact-the-firm-pins\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ROSEN, RESPECTED INVESTOR COUNSEL, Announces Filing of Securities Class Action Lawsuit Against Pinterest, Inc.; Encourages Investors with Losses in Excess of $100K to Contact the Firm \u2013 PINS - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, Dec. 04, 2020 (GLOBE NEWSWIRE) — Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Pinterest, Inc. 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