{"id":405202,"date":"2020-12-23T10:55:15","date_gmt":"2020-12-23T15:55:15","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=405202"},"modified":"2020-12-23T10:55:15","modified_gmt":"2020-12-23T15:55:15","slug":"shareholder-action-notice-the-schall-law-firm-announces-the-filing-of-a-class-action-lawsuit-against-pinterest-inc-and-encourages-investors-with-losses-in-excess-of-100000-to-contact-the-firm","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-action-notice-the-schall-law-firm-announces-the-filing-of-a-class-action-lawsuit-against-pinterest-inc-and-encourages-investors-with-losses-in-excess-of-100000-to-contact-the-firm\/","title":{"rendered":"SHAREHOLDER ACTION NOTICE: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Pinterest, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n LOS ANGELES<\/span>, Dec. 23, 2020<\/span> \/PRNewswire\/ —\u00a0<\/b>The Schall Law Firm<\/a><\/u>, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against\u00a0Pinterest, Inc. (“Pinterest” or “the Company”) (NYSE: PINS)\u00a0for violations of \u00a7\u00a710(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b<\/span>-5 promulgated thereunder by the U.S. Securities and Exchange Commission.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/p>\n

Investors who purchased the Company’s securities between May 16, 2019<\/span> and November 1, 2019<\/span>, inclusive (the ”Class Period”), are encouraged to contact the firm before January 22<\/span>, 2021.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/p>\n

If you are a shareholder who suffered a loss, click here to participate<\/a>.<\/p>\n

We also encourage you to contact Brian Schall<\/span> of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA<\/span> 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm’s website at\u00a0www.schallfirm.com<\/a><\/u>, or by email at\u00a0brian@schallfirm.com<\/a><\/u>.<\/p>\n

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member. <\/p>\n

According to the Complaint, the Company made false and misleading statements to the market. Pinterest was approaching the maximum capacity of its addressable market in the United States<\/span>. This market saturation greatly slowed down the Company’s potential to increase its average revenue per user. The Company also suffered a greater risk of losing advertising revenue. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Pinterest, investors suffered damages.<\/p>\n

\n Join the case<\/a>\u00a0to recover your losses.<\/p>\n

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.<\/p>\n

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.<\/p>\n

\n \"Cision\" View original content:http:\/\/www.prnewswire.com\/news-releases\/shareholder-action-notice-the-schall-law-firm-announces-the-filing-of-a-class-action-lawsuit-against-pinterest-inc-and-encourages-investors-with-losses-in-excess-of-100-000-to-contact-the-firm-301198142.html<\/a><\/p>\n

SOURCE The Schall Law Firm<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire LOS ANGELES, Dec. 23, 2020 \/PRNewswire\/ —\u00a0The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against\u00a0Pinterest, Inc. (“Pinterest” or “the Company”) (NYSE: PINS)\u00a0for violations of \u00a7\u00a710(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Investors who purchased the Company’s securities between May 16, 2019 and November 1, 2019, inclusive (the ”Class Period”), are encouraged to contact the firm before January 22, 2021.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 If you are a shareholder who suffered a loss, click here to participate. We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, … <\/p>\n

Continue reading “SHAREHOLDER ACTION NOTICE: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Pinterest, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm”<\/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-405202","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nSHAREHOLDER ACTION NOTICE: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Pinterest, Inc. and Encourages Investors with Losses in Excess of $100,000 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\/shareholder-action-notice-the-schall-law-firm-announces-the-filing-of-a-class-action-lawsuit-against-pinterest-inc-and-encourages-investors-with-losses-in-excess-of-100000-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=\"SHAREHOLDER ACTION NOTICE: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Pinterest, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire LOS ANGELES, Dec. 23, 2020 \/PRNewswire\/ —\u00a0The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against\u00a0Pinterest, Inc. (“Pinterest” or “the Company”) (NYSE: PINS)\u00a0for violations of \u00a7\u00a710(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Investors who purchased the Company’s securities between May 16, 2019 and November 1, 2019, inclusive (the ”Class Period”), are encouraged to contact the firm before January 22, 2021.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 If you are a shareholder who suffered a loss, click here to participate. We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, … Continue reading "SHAREHOLDER ACTION NOTICE: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Pinterest, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-action-notice-the-schall-law-firm-announces-the-filing-of-a-class-action-lawsuit-against-pinterest-inc-and-encourages-investors-with-losses-in-excess-of-100000-to-contact-the-firm\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-23T15:55:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=LA32811&sd=2020-12-23\" \/>\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\\\/shareholder-action-notice-the-schall-law-firm-announces-the-filing-of-a-class-action-lawsuit-against-pinterest-inc-and-encourages-investors-with-losses-in-excess-of-100000-to-contact-the-firm\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-action-notice-the-schall-law-firm-announces-the-filing-of-a-class-action-lawsuit-against-pinterest-inc-and-encourages-investors-with-losses-in-excess-of-100000-to-contact-the-firm\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"SHAREHOLDER ACTION NOTICE: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Pinterest, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm\",\"datePublished\":\"2020-12-23T15:55:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-action-notice-the-schall-law-firm-announces-the-filing-of-a-class-action-lawsuit-against-pinterest-inc-and-encourages-investors-with-losses-in-excess-of-100000-to-contact-the-firm\\\/\"},\"wordCount\":355,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-action-notice-the-schall-law-firm-announces-the-filing-of-a-class-action-lawsuit-against-pinterest-inc-and-encourages-investors-with-losses-in-excess-of-100000-to-contact-the-firm\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=LA32811&sd=2020-12-23\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-action-notice-the-schall-law-firm-announces-the-filing-of-a-class-action-lawsuit-against-pinterest-inc-and-encourages-investors-with-losses-in-excess-of-100000-to-contact-the-firm\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/shareholder-action-notice-the-schall-law-firm-announces-the-filing-of-a-class-action-lawsuit-against-pinterest-inc-and-encourages-investors-with-losses-in-excess-of-100000-to-contact-the-firm\\\/\",\"name\":\"SHAREHOLDER ACTION NOTICE: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Pinterest, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm - 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(“Pinterest” or “the Company”) (NYSE: PINS)\u00a0for violations of \u00a7\u00a710(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Investors who purchased the Company’s securities between May 16, 2019 and November 1, 2019, inclusive (the ”Class Period”), are encouraged to contact the firm before January 22, 2021.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 If you are a shareholder who suffered a loss, click here to participate. We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, … Continue reading \"SHAREHOLDER ACTION NOTICE: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Pinterest, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-action-notice-the-schall-law-firm-announces-the-filing-of-a-class-action-lawsuit-against-pinterest-inc-and-encourages-investors-with-losses-in-excess-of-100000-to-contact-the-firm\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-23T15:55:15+00:00","og_image":[{"url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=LA32811&sd=2020-12-23","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-action-notice-the-schall-law-firm-announces-the-filing-of-a-class-action-lawsuit-against-pinterest-inc-and-encourages-investors-with-losses-in-excess-of-100000-to-contact-the-firm\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-action-notice-the-schall-law-firm-announces-the-filing-of-a-class-action-lawsuit-against-pinterest-inc-and-encourages-investors-with-losses-in-excess-of-100000-to-contact-the-firm\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"SHAREHOLDER ACTION NOTICE: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Pinterest, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm","datePublished":"2020-12-23T15:55:15+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-action-notice-the-schall-law-firm-announces-the-filing-of-a-class-action-lawsuit-against-pinterest-inc-and-encourages-investors-with-losses-in-excess-of-100000-to-contact-the-firm\/"},"wordCount":355,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-action-notice-the-schall-law-firm-announces-the-filing-of-a-class-action-lawsuit-against-pinterest-inc-and-encourages-investors-with-losses-in-excess-of-100000-to-contact-the-firm\/#primaryimage"},"thumbnailUrl":"https:\/\/c212.net\/c\/img\/favicon.png?sn=LA32811&sd=2020-12-23","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-action-notice-the-schall-law-firm-announces-the-filing-of-a-class-action-lawsuit-against-pinterest-inc-and-encourages-investors-with-losses-in-excess-of-100000-to-contact-the-firm\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-action-notice-the-schall-law-firm-announces-the-filing-of-a-class-action-lawsuit-against-pinterest-inc-and-encourages-investors-with-losses-in-excess-of-100000-to-contact-the-firm\/","name":"SHAREHOLDER ACTION NOTICE: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Pinterest, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm - 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